Manila Jockey Club, Inc. (MJCI), a publicly listed company, through its subsidiary, MJC Investments Corp. (MIC), also a publicly listed company, is diversifying into hotel and resort development in support of the Philippine tourism development program and to expand its core business of horse racing and real-estate development.

A world-class hotel with 250 rooms will start construction starting next year and will be located at the San Lazaro Tourism and Business Park in Sta. Cruz, Manila, a tourism economic zone with information technology component under Presidential Proclamation No. 1727 as declared by the Philippine Economic Zone Authority (PEZA).

MIC is finalizing an agreement with a world-renowned hotel management company to manage the hotel designed to cater to the increasing demand of tourists for an upscale but affordable hotel in the area. The hotel project is fully endorsed by the City Government of Manila headed by Mayor Alfredo Lim and the City Council. It is also accredited by the Philippine Tourism Authority.

The hotel project will also complement the ongoing joint venture projects of MJCI with Ayala Land, Inc. in developing a residential and commercial complex, including a Business Process Outsourcing (BPO) building which houses Convergys, one of the global leaders in relationship management that provides employment to more than 2,500 workers.

MIC also plans to build a world-class resort hotel with 200 rooms in its San Lazaro Leisure and Tourism Park in Carmona, Cavite where its modern horse-racing facilities are located and where an exclusive residential community known as Canyon Ranch has been developed through a joint venture with Century Communities Corporation. The San Lazaro Leisure and Tourism Park is also a PEZA-registered tourism zone.

MIC is also negotiating the acquisition and development of the Mamburao beach resort, an 80-hectare beach property located in Mindoro Occidental.