Hann Philippines Inc, the casino resort developer behind the Hann Resorts brand, has signed a “registration agreement” with the Philippine Economic Zone Authority (PEZA) that recognises the company as a “PEZA ecozone domestic market enterprise” for tourism.
Per a PEZA update, the agreement enables Hann Philippines to operate tourism-related facilities in the firm’s mixed-used development Hann Reserve (pictured in an artist’s rendering) in New Clark City, in Central Luzon. The facilities include golf courses affiliated to the Professional Golfers’ Association of America (PGA), clubhouses, and food and drink outlets, affirmed PEZA.
PEZA – an agency under the Philippines’ Department of Trade and Industry – is responsible for the promotion and monitoring of investments in the country’s special economic zones.
Hann Reserve is a 15-minute drive from Hann Philippines’ existing Hann Casino Resort at Clark Freeport Zone, a two-hour drive from the nation’s capital, Manila.
The Hann Reserve project is a multi-year development eventually due to encompass three 18-hole golf courses, several luxury hotels, villas and a casino; as well as a “commercial centre”, housing, and an international school, according to its promoter.
With an initial investment of approximately PHP10 billion (US$162.5 million), Hann Reserve is anticipated to generate “more than 200 jobs” and strengthen “tourism-driven” economic activities in Central Luzon, said PEZA in its update.
PEZA added: “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.”
The agency further noted: “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,” PEZA also stated.
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).
“Preview operations” at Hann Reserve began on January 31, ahead of full commercial activity, noted PEZA.
A soft opening had been scheduled in January for the first of the three golf courses planned for Hann Reserve.
