AYALA Land’s Makati redevelopment plan over the next five years will add a convention centre and hotels to the upcoming business and leisure hub.
The group’s first convention centre will come up on the corner of Ayala Avenue and EDSA highway where InterContinental Manila stands, though no details of the hotel’s fate are known.
Makati’s improvement will also include a Seda hotel each in Ayala Centre, Circuit Makati and City Gate. A 275-key Mandarin Oriental Manila will be built in Ayala Triangle Centre.
After a hiatus of close to 20 years, Ayala Land Hotels and Resorts opened Fairmont, Raffles and Holiday Inn & Suites hotels over the last two years.
But Al Legaspi, COO, Ayala Land Hotels and Resorts, noted: “Market occupancy of Makati deluxe hotels remains very healthy at around 80 per cent despite the new supply.”
