Hann Resorts breaks ground on 10-hectare park as part of $4B Hann Reserve
Monday 25th of November 2024
Hann Resorts has broken ground on a new 10-hectare public park as part of the group’s 450-hectar ‘eco-luxury sanctuary resort’ Hann Reserve in New Clark City, Tarlac, Philippines.
According to a company release, the park is part of a commitment to ‘serve the community’ and will be open to residents and visitors.
The park is divided in phases, with Phase 1 featuring mountain biking trails, fitness areas and elevated treetop bridges. The area is themed to include folklore elements and is expected to be completed by the end of 2026. In total, it has a committed land area of 3.45 hectares. This even includes a mini golf area – in line with the resorts’ focus on attracting top-tier golf professionals and enthusiasts – evidenced by the three 18-hole championship golf courses the resort will feature.
Phase 2, dubbed the ‘Passive Zone’, provides shaded walkways, seating, and relaxation areas ‘in a setting that celebrates cultural and natural harmony’. The zone is slated for completion by the end of 2028.
Zone 3 is expected to be completed by the end of 2030 and is labeled the ‘Kid Zone’. The area includes ‘folklore-inspired stick structures with volcanic rock formations’, including slides, climbing areas and other interactive elements.
The opening of the areas corresponds with the ramp-up of Hann Reserve, which is expected to be open to guests starting in 2026.
The property features luxury hotel brands including Banyan Tree, Sofitel, Emblem, Westin and InterContinental Hotels & Resorts (IHG). In mid-2024, IHG announced that it would be returning to the Philippines via a franchise agreement with Hann Philippines, starting construction on a 250-key property in 2027 and welcoming guests in 2031.
The cost of the overall project could top $4 billion, with its casino expected to open sometime in 2028 if timelines aren’t further adjusted. Ground breaking ceremony on November 22nd
According to previous timelines outlined by Hann Resorts Chairman and CEO Daesik Han at the ASEAN Gaming Summit, the first golf course is scheduled to be completed by the end of 2025, while the clubhouse, Banyan Tree and Angsana targeted for 2026, the Nick Faldo golf course in 2027, the casino and retail in 2028 – possibly accompanied by Sofitel. The next phase would include residences and an international school – utilizing golf as an extracurricular activity, with students eligible to be certified by the PGA.
The group aims to focus on the Korean market for the project, leveraging its first-mover advantage in Clark to ramp-up before competition can come into play.
In related news, Hann Resorts is likely to be postponing its initial public offering (IPO) until mid-2025, to secure new funding for Hann Reserve and continue upgrades to its Hann Casino Resort. Hann Casino Resort currently operates some 147 gaming tables, 868 slot machines, two VIP clubs and two five-star hotels.
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