Grand Hyatt hotel and Hyatt branded residences are set to open in Manila, Philippines in 2015.

The new property is a joint venture between a Hyatt affiliate, property developer Federal Land Inc. and Japanese financial services group ORIX Corporation.

Grand Hyatt Manila will be located on the top 14 floors of a 66-story office and hotel tower and will feature 438 guestrooms.

Designed by China-based architects Wong + Ouyang, the hotel will include a spa, fitness centre and swimming pool. Exact spa facilities will be released at a later date.

Florida-based architects Bilkey Llinas Design will design the interior of the hotel. Facilities include a range of bars and dining areas as well as business and meeting facilities.

The Grand Hyatt residences will be located in the second tower and will offer 220 luxury units with private access to the hotel's amenities, including the spa, fitness centre and pool and restaurants.

Ratnesh Verma, senior vice president of development, Asia Pacific, Hyatt Hotels & Resorts said: "As the political, economic, social, and cultural centre of the Philippines, Manila is attracting entrepreneurs and business owners that have an appetite for luxury brands and residences.

"We are confident the hotel will deliver a new hospitality experience, and we look forward to serving the neighbourhood community as well as business and leisure travellers from around the world."

Grand Hyatt Manila and Residences will be the centre of the master-planned development Veritown Fort, which will house 11 residential projects, premier dining option and upscale retail spaces and boutiques.

Upon opening, Grand Hyatt Manila and Residences will be the second Hyatt-branded hotel in the Philippines joining Hyatt Hotel & Casino Manila.