MAKATI CITY — A major real estate development is steadily rising in the heart of Makati’s central business district as the Mandarin Oriental luxury hotel prepares for its return. The 276-room property, located at the corner of Paseo de Roxas and Makati Avenue within Ayala Triangle Gardens, remains on track for a 2026 opening.
Construction has reached 69 percent completion, while pre-opening recruitment is actively ongoing. Ayala Land Hospitality has maintained its 2026 target, although a bond-sale filing has also noted 2027 as a possible contingency timeline. For investors and real estate analysts, the project reflects strong confidence in Makati’s premium hospitality and property market.
Development Progress and Real Estate Value Impact
The hotel’s official careers page continues to list multiple roles in preparation for its launch, including steward supervisors, duty managers, purchasing officers, and culinary positions. Roshan Nandwani, head of marketing at Ayala Land Hospitality, stated that the hotel is expected to open this year, depending on market conditions. The original Mandarin Oriental operated from 1976 to 2014 and became a recognized cultural and hospitality landmark in Makati.
Its redevelopment represents the revival of a prime real estate asset in one of Metro Manila’s most valuable and in-demand districts. Ayala Land Senior Vice President Mariana Zobel de Ayala also expressed enthusiasm about the brand’s return to both the Philippines and Makati City.
Premium Location and Mixed-Use Value Potential
Once completed, the Mandarin Oriental Makati will offer a signature spa, multiple curated dining venues, a stylish bar, a swimming pool, and flexible event spaces designed for both business and leisure use. Its strategic location within Ayala Triangle Gardens places it at the center of Makati’s business district, surrounded by Grade A office buildings, luxury residential towers, and high-end retail centers such as Greenbelt and Glorietta.
For real estate stakeholders, the hotel is expected to enhance surrounding property values, attract high-net-worth individuals, and further strengthen the area’s positioning as a premium live-work-play district in Metro Manila.
Strategic Expansion of Ayala Land Hospitality Portfolio
The reopening of Mandarin Oriental is part of Ayala Land Hospitality’s broader expansion strategy, which includes developments such as the 400-room Canopy by Hilton at One Ayala and the 260-room Moxy Hotel in Circuit Makati. The company aims to expand its hotel room portfolio to 8,000 units by 2030, signaling long-term confidence in the growth of both the tourism and real estate sectors in the Philippines.
Mandarin Oriental’s return is also aligned with Makati’s 25-year development vision focused on sustainability, livability, and urban diversity. The project is expected to serve as a catalyst for further mixed-use developments and premium real estate activity in surrounding areas.
