Boulevard Holdings, Inc. Expands Involvement in an Investment Consortium to Build A Large World-Class Resort City Project in Cavite
June 02, 2021 at 08:29 pm
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Boulevard Holdings, Inc. during its special meeting on May 31, 2021 via zoom, approved the additional 300,000 square meters property of BHI with magnificent views of Manila Bay and South China Sea. The May 12, 2021 letter request by JP Guilds, Inc. is to make available additional land parcels of 300,000 square meters for BHI to expand its involvement in an investment consortium to build a large world-class resort city Project in Cavite. JP Guilds, Inc. leads the minority consortium of private land holding owners and BHI's current 27 hectares coupled with several hundred hectares to do the Project, is now under inspection, due diligence for eventual closing, by private majority partner Mr. Enrique K. Razon. The 27 hectares already in the Project plus the approved additional 30 hectares (total of 57 hectares) would involve the majority of BHI's Cavite land bank out of 106 hectares booked in balance sheet.
Boulevard Holdings, Inc. is a Philippines-based company, which primarily invests in, purchases, or otherwise acquires and owns, holds, uses, develops, sells, assigns, among others, real and personal property of every kind and description. The Company and its subsidiaries have investments in operations involved in the development of leisure, hotel and tourist estates, as well as residential and office condominiums, operation and management of hotels and resorts, travel related and other allied businesses and services in the Philippines and abroad. The Company operates through two segments: hospitality and leisure, and investment holding. Hospitality and Leisure segment is primarily engaged in delivering service and hospitality through accommodations, room amenities and offers a range of cuisine. Investment Holding segment is primarily engaged in the holding and leasing of investment properties. Its subsidiaries include Fridayâs Holdings, Inc., Fridays Puerto Galera, Inc. and other.
BOULEVARD HOLDINGS, INC. 