Movenpick Hotels and Resorts, a Switzerland-based hotel management company, has announced that it has taken over the management of the Hilton Cebu Hotel and Resort on Mactan Island, Philippines.

The new agreement followed the termination of Oikonomos International Resources and Hilton Worldwide’s 15-year management agreement.

The resort, featuring 246 rooms including 74 spa suites, is owned by Oikonomos International Resources Corporation.

Movenpick currently manages 90 hotels in 26 countries.

Following the rebranding, the resort will undergo a PHP100m ($2.3m) renovation to improve the lobby area and widen the entrance.