MANILA – Hann Philippines Inc., the developer of Swissotel and Marriott hotels in Clark, Pampanga, sealed a P9-billion loan deal with the Ng family’s Asia United Bank and Aboitiz-led Union Bank of the Philippines to finance a 450-hectare master-planned resort development in New Clark City, Tarlac.
Hann Philippines said the project, known as Hann Reserve, is now undergoing site preparation and general infrastructure development for its first phase, which will cost P17 billion.
The project will include Banyan Tree luxury hotel and residences and an 18-hole mountain golf course by Nicklaus Design, founded by sports legend Jack Nicklaus.
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