Ayala Land closing down InterContinental hotel soon
Ayala Land Inc. will soon close down InterContinental Manila hotel in Makati to give way to a new commercial, mixed-use development at the entrance of the country’s financial district.
Ayala Land said in a statement InterContinental Manila, which sits on a portion of the property that will be developed, will close soon as the hotel management contract between a unit of Ayala Land Hotels and Resorts Corp. and InterContinental Hotels Group ends on December 31, 2015.
InterContinental Manila, designed by national artist Leandro Locsin, is the longest operating international chain hotel in the Philippines.
“We thank InterContinental Hotels Group for the long and fruitful partnership which spans 46 years. It was one of the first developments that helped to establish Makati as a premier central business district, and this legacy will be upheld by the continuous enhancement of Makati,” said Ayala Land vice president and head of operations for Makati Manny Blas.
Blas said the planned new mixed-use development formed part of the Makati’s development plan, which also consists of the redevelopment of McKinley Exchange, Ayala Triangle, City Gate and Circuit Makati.
Ayala Land will transform entrance of Ayala Center Makati into a modern gateway, with a first-of-its-kind intermodal transport facility designed especially for the commuting public.
“We deliberately planned the Ayala Center redevelopment in such a way that all of its property components are pulled together by an expansive, modern, and comfortable intermodal transport facility, which will ultimately ease traffic and pedestrian flow in the EDSA-Ayala area,” Blas said.
“By constantly striving to change the landscape and optimizing the use of space, we believe that the Makati CBD will remain competitive and continue to contribute significantly to the country’s economic development in the years to come,” he added.
AHRC chief operating officer Michael Alexis Legaspi said all InterContinental Manila regular employees were informed of the closure and assured of ample support and assistance.
“We express our deep appreciation to our hotel colleagues and assure them that we are looking after their welfare, and we will assist them in making the transition as smooth as possible,” Legaspi said.