Philippines - Hann Philippines Inc., the casino resort developer behind the luxury Hann Resorts brand, has officially signed a registration agreement with the Philippine Economic Zone Authority (PEZA), designating the company as a "PEZA ecozone domestic market enterprise" for tourism.
The agreement grants Hann Philippines the authority to operate tourism-related facilities within its massive, mixed-use development, Hann Reserve, located in New Clark City, Central Luzon. According to an update from PEZA, the authorized facilities will include clubhouses, food and beverage outlets, and premier golf courses affiliated with the Professional Golfers’ Association of America (PGA).
PEZA, an agency under the Philippines’ Department of Trade and Industry tasked with promoting and monitoring investments in special economic zones, highlighted the significant economic windfall the project brings to the region.
With an initial investment of approximately PHP 10 billion (US$162.5 million), Hann Reserve is projected to:
"The registration underscores sustained investor confidence in the Philippines’ economic zones while reinforcing New Clark City’s position as a premier destination for tourism and investment," PEZA said in a statement. "As Hann Reserve continues to take shape, the development is expected to create employment opportunities, stimulate local businesses, and contribute to the long-term economic growth of the region."
The registration agreement was signed by PEZA director general Tereso Panga (pictured right, above) and Hann Philippines’ vice president for finance, corporate secretary and treasurer Mitchell Estacio (pictured left).
Hann Reserve is located just a 15-minute drive from the company’s flagship property, the Hann Casino Resort at the Clark Freeport Zone, and sits roughly two hours away from the nation's capital, Manila.
The ambitious multi-year project is slated to eventually encompass:
