KHI acquired this city development in the heart of Manila's Makati central business district in March 2007. The development is planned to include a 279-room Fairmont Hotel, a 30-suite Raffles hotel and 237 Raffles-branded private residences. The residences will be sold and placed back into a rental pool programme.
The Philippines has been ranked by the WTTC as one of the fastest growing tourism and travel markets in Asia. The proposed hotel will benefit from the growth in this service driven economy.