This is a solid hotel in Makati. Rooms are huge (particularly the Barcelona Suite), Staff are superb, always courteous and eager to help. In terms on Bang for the Buck for mid range hotels, this is tough to beat.
However, this hotel is significantly let down by the the namby-pamby restaurant (Brasserie Boheme) on the ground floor which is quite frankly a shocker (very many people have already written about this on Tripadvisor so no need to re-hash it). This seems to have been recognized by management as the restaurant is scheduled for an overhaul from the 25th of July. There are enough alternatives within literally a few seconds away from the hotel (The Wildflower restaurant for Breakfast is uber decent) for this not to be a major issue and is at worst an inconvenience.
I have also just had a situation where my credit card was basically double charged and only got to know after 2 days but that is currently being sorted out by the hotel.
If you have the money, stay at top dollar hotels like the Fairmont. For mid-Upper range hotels like the Picasso, you will not get much better in Makati.