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
Christmas Island Resort July 2009 it was reported that the Australian Federal Government was negotiating with Kwon about using the resort facilities to relieve overcrowding at the island’s Immigration Detention Centre because of increases in boatloads of asylum seekers attempting to reach Australia. In response, the island’s Shire President, Gordon Thomson, said that the Australian government should take control of the then mothballed resort and hand it over to the Christmas Island community to operate as a tourist resort. In 2013, Kwon started negotiations with the Australian government for the possibility to lease the resort as a viable solution to the island’s growing