The motel empire built by the late bilyonaryo Archie King is closing its doors due to a pandemic.
King’s successor, Angie Mead King, has made a “life-changing decision” to close down Victoria Court to ride out the economic collapse brought by COVID-19.
In a video message, King said:”Over the next few weeks, I don’t think the hotel and motel operations will produce the same results as how we used to. This time we have to face the facts and be honest, and try to prepare for what’s coming. Even though we have been accepting OFWs (overseas Filipino workers), BPOs (business process outsourcing) and maritime crew, it is still not enough for the business to sustain itself and take care of all of us,” said King, who took over when Archie died in helicopter crash in 2015.
King said it was better “to go on survival mode, prepare for this now that ignore it.” “Please don’t think we have come to this decision lightly, it is with great difficulty…I really wish there was another way to go about this. For now, I have to advise you, please look for another job to support yourself and your family during these tough times,” said King.
King has readied a retirement and retrenchment package for employees and promised to give them first crack at job openings in Victoria Court’s resumption.
“Please stay safe and stay hopeful . I want to wish every one the best of luck. This is your CEO signing out,” added King.