Bloombury breaks ground for US$ 577 million hotel complex
MANILA,
July 30 (PNA) - Bloombury Investments Holdings, Inc. recently broke
ground to start the development of an 8.3-hectare, world class
integrated resort complex at the Bagong Nayong Pilipino–Entertainment
City Manila, an investment amounting to US$ 577 million.
The groundbreaking signaled the start of the first phase of
development, making Bloombury the first among the four developers to
start construction in the Entertainment City.
Named the Solaire Manila Project, Bloombury’s integrated
resort complex includes a five-star, 500-room hotel covering some
165,000 square meters of floor area.
The Entertainment City has been designated as a special
economic zone area under Philippine Economic Zone Authority.
“We are excited about this investment in the Entertainment
City Manila. Aside from catapulting the Philippines into a key player
in the tourism, hospitality and entertainment industries, the project
will make Filipinos proud for having a world class leisure hub that will
showcase the best that the country can offer.
Entertainment City
Manila will rival the leisure hubs in the region such as those in
Macau, Malaysia, and of late, Singapore,” Bloombury chairman Enrique K.
Razon Jr. said.
Bloombury’s complex is set to be operational in the third
quarter of 2012, while total investment for the long term is expected to
reach US$ 1 billion.
Aside from attracting local and foreign visitors, the
complex is expected to generate some 2,500 jobs and to boost the
country’s ancillary service sectors.
Aside from the hotel, the complex will feature state of the
art meeting and convention facilities as well as relaxation and leisure
facilities such as a live performance theater, an array of restaurants,
health and wellness facilities, just to name a few.
Razon, together with Florencio M. Bernabe, Parañaque City
mayor, led the groundbreaking rites.
They were assisted by Bloombury directors and officers led
by Jose Eduardo J. Alarilla, president and director; Estela
Tuason-Occena, treasurer and director, Edgardo Q. Abesamis, director;
Christian R. Gonzalez, director; and Donato C. Almeda, chief operating
officer. Also present was Paul Steelman, design architect and Steelman
Partners chief executive officer.
The Bagong Nayong Pilipino–Entertainment City Manila is a
multi-billion dollar project of the Philippine Amusement and Gaming
Corp. (PAGCOR), a government-owned corporation engaged in the
entertainment and gaming business.
The PAGCOR project covers 120 hectares of prime reclaimed
land at the western portion of the Manila Bay in Parañaque City. (PNA)
LOR/PFN
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