INTERCON, HOLIDAY INN TIE-UP WITH ROBINSONS

Manila, May 7, 2003 -- After announcing that it will shut down by month-end 
its less than profitable Manila Midtown Hotel, Gokongwei-owned Robinsons 
Land Corp. yesterday said that it will rebrand Manila Galleria Suites as a 
Holiday Inn chain and launch Crowne Plaza Hotel.

Robinsons said it had given the UK-based InterContinental Hotels Group two 
new contracts to manage the two hotels. RLC president Lance Gokongwei said 
rebranding of Manila Galleria would take place this June, while Crowne 
Plaza would be launched in early 2005.

Gokongwei said partnership with Intercon will contribute to building value 
for their properties and give RLC an access to IHG's industry expertise, 
with its state-of-the-art reservations systems.

Gokongwei said the group will find another use for the Midtown.

For its part, IHG managing director for Asia Pacific Patrick Imbardelli 
said the two RLC properties would boost the firms presence in the country, 
complementing to the groups' existing properties - Intercon Manila and 
Holiday Inn Resort in Pampanga.

The 284-room Manila Galleria will undergo a 12-month refurbishment program.

The project will include the installation of facilities required by the 
corporate market including high-speed internet access, conducive work 
spaces and recreational facilities.

The 260-room Crowne Plaza Hotel which is still under construction at the 
corner of Ortigas and ADB Avenue, would cater to the small and mid-sized 
meetings market. (By RACHELLE FRIGINAL, Malaya

Reported by: Sol Jose Vanzi

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