Mr. Norimasa Nishida, Principal of the Toyoko Inn Group (seventh from right) and Mr. Justin Uy (fifth from left), President of Profood International Corporation pose for photographers after the signing of their agreements related to the construction of the Toyoko Inn-Cebu, held at the Philippine Embassy on 13 February 2014.

A signing ceremony for a 583-room hotel project in Mandaue City between Japanese top business hotel chain, Toyoko Inn and top Philippine exporter, Profood International Corporation, took place at the Philippine Embassy in Tokyo on 13 February 2014.

Present to sign the three sets of agreement that will have the Filipino company constructing a hotel in Mandaue City, which will be leased to the Japanese entity for 25 years were Mr. Norimasa Nishida, Principal, Toyoko Inn Group, and Mr. Justin Uy, President of Profood.

Also present to witness the signing were the Philippine Embassy’s Consul General Marian Jocelyn Tirol-Ignacio, and Commercial Attache Mr. Froilan Pamintuan; representatives from Toyoko Inn, Profood and the International Friendship Exchange Council (FEC) of Japan, which helped facilitate the signing of the agreements which involved the construction and operation; architectural work; and planning of the Toyoko Inn Hotel –Cebu.

Toyoko Inn is the largest business hotel chain in Japan. As of 2012, it has 238 hotels in Japan and 6 in Korea. Profood International Corporation is the largest Philippine-based dried fruit producer in the world.