June 5, 2014 9:36 pm [ manilatimes.net
]
by Madelaine B. Miraflor
Property giant Ayala Land Inc. (ALI)
has sealed a deal to build and manage the new Mandarin Oriental Hotel to rise
in Makati within the next six years, following a decision by the Mandarin
Oriental Hotel Group to close the old one this year.
According to a disclosure posted by
the Philippine Stock Exchange on Thursday, AyalaLand Hotels and Resorts Corp.,
the hotel and leisure arm of ALI, has signed a long-term management agreement
with the Mandarin Oriental Hotel Group to develop and operate a new luxury
hotel in Makati City.
Set to open its doors in 2020, the new
Mandarin Oriental Manila will feature 275 spacious rooms, complemented by an
extensive range of modern amenities including premium restaurants and a
signature spa.
“This is in line with the company’s
thrust of expanding its hotels and resorts business portfolio,” ALI told the
local bourse.
After nearly 40 years of operations,
Mandarin Oriental Manila hotel will close its doors later this year.
“Mandarin Oriental Manila has been
recognized as one of the city’s most iconic hotels since its opening in 1976,
and the Group wishes to express its sincere appreciation to all colleagues for
their legendary service and support over the years,” said Mandarin Oriental
Hotel Group general manager Torsten van Dullemen in a statement Wednesday
evening.
“All hotel colleagues were informed of
the closure and will receive full and fair severance payment and appropriate
professional guidance,” van Dullemen added.
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