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
Island Resort (Hong Kong) Island Resort (Hong Kong) Island Resort () is a high-rise complex located in the Siu Sai Wan area of Hong Kong (address: 28 Siu Sai Wan Road, Siu Sai Wan, Chai Wan, Hong Kong). Construction of the complex began in 1999, and was completed in 2001. The land on which the Island Resort complex is situated is the most expensive in the city; in 1997, prior to the transfer of sovereignty of Hong Kong, Sino Land purchased the piece of land for US$1,515,384,620 in order to develop the Island Resort complex. The purchase was the last major land sale in