Property giant Ayala Land Inc. (ALI) announced on Friday its plans for a new commercial, mixed-use development that will transform the entrance of Ayala Center in Makati into a modern gateway, with a first-of-its-kind intermodal transport facility designed for the commuting public.
Manny Blas, Ayala Land vice president and head of operations for Makati, said that project is the next phase of its P125-billion Makati revitalization plan to develop six nodes which also include the McKinley Exchange, Ayala Triangle, City Gate and Circuit 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,” said Blas.
He added: “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.”
The company also announced that the InterContinental Manila, which currently sits on a portion of the Ayala Center in Makati, will be closing soon as the hotel management contract between Ayala Land Hotels and Resorts Corporation’s (AHRC) subsidiary and InterContinental Hotels Group (IHG) will expire on December 31, 2015.
Blas expressed his gratefulness for the 46-year partnership with IHG.
“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 Blas.
For her part, Leanne Harwood, IHG vice president for South East Asia operations, 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.”
Meanwhile, 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,” said Legaspi.