CHICAGO—Hyatt Hotels Corporation announced that a Hyatt affiliate has entered into an agreement with Bonifacio Landmark Realty and Development Corp. (BLC), a joint-venture company between property developer Federal Land Inc. and Japanese financial services group ORIX Corporation, for a Grand Hyatt hotel and Grand Hyatt branded residences in Manila, Philippines.
Expected to open in 2015, Grand Hyatt Manila and Residences will be part of a two-tower mixed use project in the residential, entertainment and business district of Fort Bonifacio Global City in Metro Manila. Grand Hyatt Manila will be located on the top 14 floors of the 66-story office and hotel tower, and will offer 438 guestrooms. Additional hotel amenities will include multiple food and beverage offerings, a spa, fitness center and pool, as well as business and meeting facilities. The residences will be located in the second tower, and will offer 220 units with private access to the hotel’s amenities, including the spa, fitness center and pool, and restaurants.
“As the political, economic, social, and cultural center of the Philippines, Manila is attracting entrepreneurs and business owners that have an appetite for luxury brands and residences,” said Ratnesh Verma, senior vice president of real estate and development, Asia Pacific, Hyatt Hotels & Resorts, in an announcement. “Grand Hyatt Manila and Residences is a remarkable opportunity to expand the presence of the iconic Grand Hyatt brand in this rapidly growing Southeast Asia market.”
Upon opening, Grand Hyatt Manila and Residences will be the second Hyatt-branded hotel in the Philippines joining Hyatt Hotel & Casino Manila.