ALI unveils plans for next phase of Ayala Center redevelopment
“This is the next phase of our P125 billion Makati revitalization plan which also consists of the redevelopment of McKinley Exchange, Ayala Triangle, City Gate and Circuit Makati,” said Manny A. Blas, Ayala Land Vice President and Head of Operations for Makati. 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.”
“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.
The company also shared that InterContinental Manila, which now sits on a portion of the property, will be closing soon as the hotel management contract between AyalaLand Hotels and Resorts Corporation (AHRC)’s subsidiary and InterContinental Hotels Group (IHG) will end on December 31, 2015.
“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,” Blas added.
Leanne Harwood, Vice President, Operations-South East Asia, IHG said, “While we are sad to close the InterContinental Manila, we are thankful for the valued partnership with AHRC. IHG continues to manage AHRC’s other property in the city, Holiday Inn & Suites Makati. We remain focused on our growth in the Philippines and look forward to further opportunities with the group.”
AHRC Chief Operating Officer Michael Alexis Legaspi said that all InterContinental Manila regular employees were first 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,” he added.
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Suzette P. Naval
Corporate Communications Manager – Ayala Land Inc.
Tel. 908-3777 | Fax: 759-4113 | Email: firstname.lastname@example.org