Bloombury to invest $577 million in Entertainment City Manila

MANILA, Philippines - 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 $577 million. Total investment for the long term is expected to reach $ 1 billion.

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,” says Enrique K. Razon Jr., Bloombury chairman.

Bloombury’s complex is set to be operational in the third quarter of 2012, 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.

The complex will also 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.

Razon, together with Parañaque City Mayor Florencio Bernabe, 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.

Steelman,design architect and Steelman Partners chief executive officer.

The Bagong Nayong Pilipino-Enter-tainment 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.