Abacore capitalizes on Holy Week crowds, starts charging entrance and parking fees with the opening of 4-star hotel in MonteMaria pilgrimage center in Batangas

Publicly-listed Abacore Capital Holdings (ABA) is taking advantage of the Holy Week rush by collecting entrance and parking fees from pilgrims and devotees visiting the monumental statue of Mother Mary.

In its disclosure, ABA said its subsidiary, Montemaria Asia Pilgrims Inc. would start charging “reasonable fees”for entrance, parking, and access to certain facilities of the eight-hectare World Destination project within the 130-hectare township in MonteMaria, Batangas City.

ABA is projecting a “huge increase in the number of guests and visitors expected to come and visit the world’s tallest Virgin Mary Statue, the Mother of All Asia Tower of Peace” during this Holy Week.

ABA said the four-star hotel it built under its partnership with Highsource Prime Building Inc. is already operational just in time for the Holy Week.

ABA holds a 40 percent stake in the joint venture, represented by a 17-hectare property valued at P1.6 billion. Highsource, on the other hand, will contribute P2.6 billion in cash for the development of the hotel, land and water amusement park, 3D Glass Paradise, residential community, and commercial establishments on the property.

Montemaria, a non-profit organization, is offering membership packages through its website, with prices ranging from P35,000 for associates or pilgrims to P150,000 for proprietary or founding members.

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