The consortium composed of Filinvest Development Corporation (FDC) and Filinvest Land, Inc. (FLI) was given a Notice of Award dated January 27, 2016 by the Clark Development Corporation (CDC) for the lease, development, operation and management of the former Mimosa Leisure Estate covering 201.64 hectares through a 50-year lease agreement. Led by FDC, the consortium is a 50-50 partnership between itself and its real estate subsidiary FLI. The consortium was the lone bidder and on January 15, 2016, it submitted a financial bid of PHP 800 million, the minimum acceptable bid.

The former Mimosa Leisure Estate is located in Clark Freeport Zone, Philippines, approximately 100 km north of Metro Manila. Currently, the property includes an operating hotel with 303 rooms and thirty four villas under the Holiday Inn brand as well as a 36-hole golf course. FDC has over 1,300 rooms in its portfolio under ownership, management and in construction.

The Filinvest group owns the Crimson Resort and Hotel in Mactan, Cebu, the Crimson Hotel in Alabang and is currently constructing the newest Crimson Resort and Hotel in Boracay. It also manages the Quest Hotel in downtown Cebu, a development of FLI. Currently, the group has 1,027 rooms in the planning stage in various areas around the country.

The estate will be developed through a joint venture corporation, with the consortium and CDC holding 95% and 5% respectively. The lease shall have a term of 50 years, renewable for another 25 years. The Filinvest group brings its expertise in large-scale real estate development to the table, as it has been responsible for the development of both the 244-hectare Filinvest City in Alabang, Muntinlupa and the 70-hectare City di Mare at the South Road Properties in Cebu City, both as joint ventures with the government.