Luxury hotel brand InterContinental Hotels & Resorts is returning to the Philippine capital with a new property planned in Bonifacio Global City, more than a decade after its long-standing Makati hotel closed.

Global hospitality firm IHG Hotels & Resorts announced it has signed a deal to develop InterContinental Manila, a 212-room hotel scheduled to open in 2032. The project signals the brand’s comeback in the country after the original InterContinental Manila in Makati ceased operations in 2015.

The upcoming property will rise within the 240-hectare Bonifacio Global City district in Taguig, a former military base that has evolved into one of Metro Manila’s leading financial and commercial centers. The area hosts major corporate offices, residential towers and the headquarters of the Philippine Stock Exchange.

Vivek Bhalla, managing director for Southeast Asia and Korea of IHG Hotels & Resorts, said the brand’s return reflects both its history in the city and confidence in Manila’s luxury travel market.

“The InterContinental brand has a storied history in Manila, having first opened in the city in 1969 and for 46 years it was a symbol of luxury and a hotel icon,” Bhalla saiD..

“Reintroducing InterContinental to Manila is a wonderful milestone, and a perfect fit for the city with strong long-term fundamentals and increasing demand for luxury travel. This signing reinforces our commitment to expanding our Luxury & Lifestyle presence across the Philippines and the wider region,” he added.

The new hotel will be developed in partnership with local firms Keyland Corp., Philippine Realty and Holdings Corp. and Greenhills Properties Inc..

Jose Ma. Montinola, president of Keyland Corp., described the partnership as an important step in bringing the brand back to the capital.

“Partnering with IHG to bring a globally recognized and well-loved brand such as InterContinental to Manila is an exciting new chapter for our partnership,” Montinola said.

“We are immensely proud to build on the brand’s storied legacy in Manila and to play an integral role in its return to the capital, delivering a stand-out hotel that honors its past while setting a new benchmark for luxury stays in the city.”

The return of InterContinental also reflects growing investor interest in Manila’s high-end hospitality market as international tourism and business travel continue to expand.

Globally, InterContinental operates more than 240 hotels, making it one of the world’s largest luxury hotel brands.