Hann Holdings eyes IPO to fund Clark mega resort project

Hann Holdings Inc. (HHI), the developer behind the luxury leisure brand Hann Resort, is seeking to raise capital through an initial public offering (IPO) as it advances the first phase of its flagship project, Hann Reserve, in New Clark City.

The company confirmed it has submitted a prospectus to the Securities and Exchange Commission (SEC) as part of the regulatory process and is currently awaiting feedback.

“We are exploring fundraising options and will make further disclosures at the appropriate time, given that we are now undergoing a regulatory process,” HHI said in a statement. “We will await feedback on evaluation and provide updates when developments are more definite.”

The IPO proceeds are expected to support the ongoing development of the %u20B117-billion Phase 1 of the Hann Reserve — a 450-hectare integrated leisure estate set to become a landmark destination just 10 minutes from Clark International Airport.

At the heart of the master-planned estate will be three championship-level golf courses designed in partnership with PGA-affiliated legends K.J. Choi, Nick Faldo, and Nicklaus Design. These courses will be complemented by world-class training facilities aimed at both professionals and leisure golfers.

Phase 1 also includes the introduction of globally renowned hotel brands making their debut in the Philippines. These include Banyan Tree, Sofitel, and Emblems under the Accor group, as well as Marriott International’s The Luxury Collection and The Westin.

Beyond hospitality, Hann Reserve will feature premium residential villas, luxury retail outlets, clubhouses, an international school, and convention facilities. A portion of the development will also transform 10 hectares of BCDA public parkland into interactive themed spaces.

Dae Sik Han, President and CEO of HHI, expressed confidence in the project's potential to redefine luxury tourism in the country. “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,” Han said.

Site preparation and infrastructure work for Phase 1 are already in full swing, with the debut of the award-winning Banyan Tree hotel and a Nicklaus-designed 18-hole mountain course slated for completion by 2026.

The IPO, if approved and executed, would position Hann Holdings as a key player in the booming Philippine leisure and tourism sector, while further unlocking the economic potential of New Clark City.