THE Gotianun-led Filinvest Mimosa Inc., a company formed by Filinvest Development Corp. and Filinvest Land Inc., has signed a lease agreement with Clark Development Corp. to develop the former Mimosa Leisure estate that Filinvest Mimosa won through a bidding process.
Under the lease agreement, Filinvest will develop, manage and operate the estate for 50 years, renewable for a further 25 years.
Located at the Clark Freeport zone, fhe former Mimosa Leisure Estate boasts of an operating hotel with 303 rooms, more than 100 villas, and two golf courses. The estate has around 50 hectares of land that can be developed and further enhanced to meet the growing demands of the Freeport.
Filinvest Mimosa and FLI president Josephine Gotianun- Yap is bullish about the prospects for the estate.
“We are looking forward to managing and operating this leisure development because we anticipate that tourism will grow significantly in the area, with the Clark airport playing a significant role as an international hub,” Gotianun-Yap said.
“For Mimosa, we envision an integrated leisure destination that incorporates residential, retail, as well as office developments within the estate. We are also looking at new hotel developments that will complement the existing ones,” she said.
Filinvest said it would be able to use its expertise in the hotel business for the development of the Mimosa project since it currently manages more than 1,000 hotel rooms in various hotels such as the Crimson Resort and Spa in Mactan, Cebu, Crimson Hotel in Alabang, and the Quest Hotel and Conference Center in Cebu.
Filinvest is also currently building another hotel, the 192-room Crimson resort and spa in Boracay.
The developer has also gained expertise in township projects with master-planned developments such as the 244-hectare Filinvest City in Alabang and the 70-hectare City de Mare in South Road Properties in Cebu City.