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Manila Bulletin devider Business devider The Stock Market devider Resort developer Hann Holdings seeks funds through IPO for Clark project

Resort developer Hann Holdings seeks funds through IPO for Clark project

Published May 31, 2025 04:32 pm

Hann Holdings Inc. (HHI), the owner and developer of the integrated resort (IR) brand Hann Resort, plans to raise funds through an initial public offering as it continues to develop its multi-billion-dollar Hann Reserve in New Clark City.

“We have submitted a prospectus to the SEC (Securities and Exchange Commission). We are exploring fundraising options and will make further disclosures at the appropriate time, given that we are now undergoing a regulatory process,” the firm said.

It added that, We will await feedback on evaluation and related matters and provide updates as and when circumstances allow or developments are more definite.”

Last year, Hann Holdings announced that it is allocating ₱17 billion for the development of the first phase of the ambitious 450-hectare Hann Reserve in New Clark City.

Located just a brief 10-minute drive from the Clark International Airport, Hann Reserve is poised to be the landmark development in New Clark City and will feature three Professional Golfers’ Association of America (PGA) affiliated championship golf courses.

KJ Choi, Nicklaus Design, and Nick Faldo will design these. The courses will also have state-of-the-art player development facilities designed to cater to both avid golfers and leisure seekers alike.

The resort also features a lineup of luxury accommodations, some of which are entering the Philippine market for the first time. These include Banyan Tree, Sofitel, and Emblems under Accor; and The Luxury Collection and The Westin under Marriott International.

Additionally, Hann Reserve will offer premium villas and luxury residences, complemented by establishments such as premier commercial and luxury retail, clubhouses, an international school and convention facilities.

Hann Reserve is developing the project at the Bases Conversion and Development Authority (BCDA) public park spanning 10 hectares with interactive themes.

HHI President and CEO Dae Sik Han, who envisioned all these, said that, "With Hann Reserve, we embark on yet another visionary project. Partnering with industry giants like Accor, Marriott International, and the PGA, and with the steadfast support of Pagcor, BCDA, CDC, and local government units, we aim to create an unparalleled experience for golf enthusiasts, families, and discerning travelers."

The first phase of this luxury eco-sanctuary project is already underway, with site preparation and infrastructure development in full swing. It will introduce the award-winning Banyan Tree luxury hotel and residences, along with a spectacular 18-hole mountain golf course crafted by Nicklaus Design.

Completion of the first phase is projected by 2026, marking the beginning of a new era in leisure and hospitality in the Philippines.

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