Mandarin Oriental Hotel Group plans to replace its existing property in Makati City, Manila of the Philippines, with a new hotel in a mixed-use development which will be unveiled in 2020.

Mandarin Oriental Hotel Group has signed a long-term management contract with developer and owner Ayalaland Hotel & Resorts to brand and manage the new luxury 275-bedroom hotel.

At the same time, Mandarin Oriental announced the closure of the existing Mandarin Oriental Manila on Makati Avenue, scheduled for later this year.

“Mandarin Oriental, Manila has been recognised 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 Torsten van Dullemen, general manager of the hotel.

The new Mandarin Oriental, Manila will feature a variety of restaurants and a signature spa.