The new owner has now started installing 8-feet high green aluminum fence along the frontage of the former Vacation Hotel de Oro at Ramon Chaves Street, Cagayan de Oro City.
It was gathered that the Uys of Mallberry and UKC Group have assumed the ownership of the property considered to be a prime location. The old hotel which featured the iconic roofing design in Mindanao way back has been on the sale block for quite some time. The deal was accordingly finalized just this year. The sale also meant closure of Zax Entertainment which occupies the restaurant and ballroom area of the facility. What’s in store for us we’ll see in the coming weeks. Will the old building be demolished? A major reconstruction would be a good idea.