Closed Philippine Village Hotel told to pay Nayong Pilipino rent

In a 12-page decision, the high court ruled the sequestered company, which used to run the 36,289-square meter Philippine Village Hotel near the Ninoy Aquino International Airport in Pasay, owes the Nayong Pilipino Foundation P26.2 million in rent until July 30, 2001.

The court also said PVHI must pay the foundation P725, 780 in monthly rent starting July 31, 2001. Computed until Dec. 31 last year or 89 months, the additional unpaid rent will amount to almost P65 million, excluding periodic increases, but the decision was silent on the matter.

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