Last October, news came out that
InterContinental Manila will be closing down by the end of 2015. In a press release
* published on its website, AyalaLand Hotels and Resorts Corp (AHRC), a subsidiary of Ayala Land Inc and owner of the 46 year old five-star hotel property designed by National Artist Leandro Locsin, announced that it will be tearing down this iconic building at the corner of EDSA and Ayala Avenue to make way for a new mixed-use commercial development in the area.