Landing Resorts Philippines Development Corporation (“Landing Philippines”), a wholly owned subsidiary of Landing International Development Limited, together with its subsidiaries (the “Group”, HKEX Code: 00582) is on track to open a Filipino-inspired iconic integrated leisure and entertainment resort at the Entertainment City in Barangay Tambo, City of Parañaque, the Philippines (the “Integrated Resort”), following its groundbreaking ceremony this morning, hosted by Dr. Yang Zhihui, Chairman and Executive Director of Landing International.
The Integrated Resort will be named “NayonLanding” which symbolizes the rich culture and heritage of the Philippines landing in the Entertainment City. It will be built on a parcel of land approximately 95,700sqm in size, with a planned construction floor area of approximately 610,000sqm. The development cost is estimated to be approximately USD 1.5 billion.
The Integrated Resort will consist of an indoor cultural theme park and waterpark, Asia’s first and largest indoor movie-based theme park. It will also offer approximately 1,500 luxury hotel rooms, a state-of-the-art convention center with a 4,000-seater pillar-free grand ballroom fit for large-scale events and conference, a shopping mall with a variety of international brands, and a world-class casino operated by an internationally experienced casino management team. The Integrated Resort will be one of the country’s newest leisure and entertainment hotspots when it is opened by 2022.
Dr. Yang commented, “We are building an iconic integrated resort that will highlight Manila as a modern global city with a rich history, culture and heritage, NayonLanding will be a family-oriented resort that promises a distinctly different, must see / must experience culture, leisure and entertainment destination, capturing the hearts and minds of domestic and international visitors of all ages. When opened, the Integrated Resort will create up to 10,000 jobs and is expected to attract an additional two to three million foreign visitors to the country.”
NayonLanding will expand Landing’s footprint into Southeast Asia following its successful opening of Jeju Shinwa World, one of the largest family-oriented integrated resorts in Northeast Asia. It will leverage on the growing brand equity in Jeju Shinhwa World to attract more tourists in the region to visit the Philippines.