Developed by the Manila Bay Island Resort Corporation in 1976, the Island Cove Hotel and Leisure Park has undergone rebranding and several changes to become what it is today- a resort company highly recognized by the Department of Tourism. Island Cove has been known to be the pioneer in the tourism industry and developed a reputation for excellent service.Developed by the Manila Bay Island Resort Corporation in 1976, the Island Cove Hotel and Leisure Park has undergone rebranding and several changes to become what it is today- a resort company highly recognized by the Department of Tourism. Island Cove has been known to be the pioneer in the tourism industry and developed a reputation for excellent service.