Boracay Convention Center plenaries in the function rooms. The Boracay Convention Center is part of the 79.21-hectare eco-village land in Boracay Island, which the Ayala group owned until June 2003. In 2005 alone, Boracay Property Holdings Inc., has so far invested $6 million or about P336 million to put up the world-class hotel and facilities in the area. Philippine Department of Trade and Industry Secretary Cesar A. V. Purisima had endorsed the conversion of the eco-village project, into a Tourism Economic Zone (TEZ) to President Gloria Macapagal Arroyo, who issued the presidential proclamation. The Trade department noted the rise in tourist bookings in
Boracay Mansion years earlier on September 2005, still did not gain any bidders and was also declared a failure. The property is then pegged to value at least ₱142.9 million even it is too deteriorated for residential use at that time. This prompted the city government to take full possession of the property for use by the Office of the Mayor. On the property, the Quezon City Reception House was built as the official residence of the Mayor of Quezon City and later became the official residence of Vice President Leni Robredo. Boracay Mansion The Boracay Mansion was an unfinished residential building