Bloomberry Resorts Corporation has successfully secured a refinancing deal worth approximately US$687 million (₱40 billion), enabling the company to move ahead with the development and eventual launch of its flagship Solaire Resort North project in Quezon City. This significant financial boost replaces the existing loans held by Sureste Properties Inc. and Bloomberry Resorts and Hotels Inc., both of which are wholly owned subsidiaries of Bloomberry.
The new long-term facility agreement, executed with a group of top-tier Philippine banks, demonstrates continued investor confidence in Bloomberry’s strategic direction and its ability to deliver high-value projects in the local gaming sector. Thanks to this refinancing, the company can now settle its previous loan obligations while unlocking additional working capital. This extra funding will go toward construction, pre-opening preparations, and the smooth ramp-up of operations once Solaire Resort North officially opens its doors.
As the second integrated resort under the Solaire brand, the Quezon City development marks a crucial step in Bloomberry’s broader expansion across the Philippines. Located in the emerging Vertis North district, Solaire Resort North is expected to attract both local and international visitors, further strengthening Metro Manila’s position as a hub for premium gaming and hospitality experiences.
With construction already well underway, Bloomberry aims to complete the resort by late 2024 or early 2025. The refinancing arrangement reflects not only the group’s solid financial management but also its long-term commitment to delivering world-class casino destinations that support tourism and economic growth.
Overall, this move reinforces Bloomberry’s leadership in the Philippine integrated resort space while setting the stage for Solaire Resort North to become a game-changer in the country’s northern Metro Manila gaming market.
