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Mövenpick to reflag Hilton Cebu Resort, Philippines

Mövenpick Hotels & Resorts will take over management of Hilton Cebu Resort & Spa on April 1.

Owner Oikonomos International Resources Corp and Hilton Worldwide have mutually agreed to terminate their 15-year management deal, five years after it was signed, BusinessWorld reports. The 333-key hotel will be renamed Mövenpick Resort & Spa Cebu. It will be the first Mövenpick property in the Philippines.

The property will undergo a 100 million peso (US$2.3 million) renovation. In addition, the building’s pink façade may be altered, although an Oikonomos executive says it will retain the color in some way.

Oikonomos and Hilton have agreed not to publicly discuss the reasons for the contract termination