The Farm at San Benito, a luxury wellness and holistic resort in Lipa, Batangas, has set the expansion plans for its 48-hectare property to include residential and retirement facilities.
According to a statement, CG Hospitality Holdings Chairman Binod K. Chaudhary, a Nepalese tycoon who acquired the wellness resort in October 2018, said that by the end of 2020, total room inventory will have at least 65 keys and planning to add residential next year and retirement facilities over the next three years.
The retirement residences will be centered around a nine-hole golf course and will have six hectares of built-up space.
“If we are able to do that, we are talking about bringing a huge community out of Japan and South Korea, which — six hectares, we were calculating — will mean close to 6,000 homes. That’s the kind of the numbers we are talking about,” Mr. Chaudhary said.
Recently, The Farm has opened its new restaurant and upgraded five Mahogany villas—four 300-sqm One Bedroom Suite units and a 600-sqm two-bedroom suite with space for a pantry and nanny room. The villas will be launched and ready by January 2020 including the two additional 400-sqm One Bedroom Bamboo villas
The upgrades in facilities and rooms will bring the total number of villas to 40 utilizing more or less 30% of its total land area.
The wellness resort will be expanding to various international locations as well, maintaining headquarters in the Philippines.
Mr. Chaudhary, a billionaire whose net worth is estimated by Forbes at $1.7 billion, said that the company will soon open The Farm in Phuket, Thailand and Croatia. Expansion in India and Latin America is also being considered.