[3] On the morning of the coup, prominent Marcos loyalists at the InterContinental Manila invited American journalist Jack Anderson to their regular Sunday rally at the Luneta, promising a "scoop".

Tolentino also ordered Nicanor Yñiguez, the speaker of Marcos' dissolved rubber-stamp parliament, the Regular Batasang Pambansa, to convene the body and call for local elections.

[5] In the morning, some 200 rebel soldiers surrendered, saying that they were misled into thinking that they were supporting Enrile and AFP Chief of Staff Fidel Ramos, both of whom spearheaded the People Power uprising in February.

[8][5] Tolentino then held a press conference, claiming that he was forced into taking the oath of office by the "clamor" of the crowd and called on Aquino to hold early elections.

[1] The coup was seen as an attempt to try and replicate a joint civil-military uprising in the hopes of gathering enough support to seize the presidential residence at Malacañang, similar to what happened during the People Power Revolution.

Among the details that were released was that Marcos had three men at the hotel directly monitoring the situation for him, and that he dissuaded his supporters from marching on Malacañang pending the arrival of reinforcements led by his close ally, former Lanao del Sur governor Ali Dimaporo.

[9] Aquino was accompanied by Ramos in Cagayan de Oro when the coup broke out, forcing their return to Manila, while vice president Salvador Laurel was on an official visit to Spain.

Aquino insisted on maximum tolerance in dealing with the rebels, but warned of arrests in case violence broke out, and said it was best to ignore Tolentino, calling him a "nobody", while announcing plans to charge him with sedition.

[1] Negotiations between the government and the rebels began at midnight on 6–7 July between generals Zumel and metropolitan police chief Ramon Montaño,[8] who was acting on instructions from Enrile.

Shortly afterwards, Tolentino and other key followers left the hotel and resumed negotiations with the government at the nearby Army and Navy Club and later at a police outpost behind Quirino Grandstand that was attended by Honasan and Aquino's son Noynoy.

[1] While negotiations were underway, Honasan, who had regularly briefed his political patron Enrile on the coup's developments, approached the rebels with a promise of amnesty from the latter, who had not consulted the matter with Aquino, and extracted Colonel Abadilla, who had been liaising with them, from the hotel.

[1] The rebel soldiers were brought to Philippine Army headquarters in Fort Bonifacio, where Enrile surprised everyone by publicizing his offer of a blanket amnesty, saying that "no punishment" would be given and urging everyone to "forget" what had happened.

[3] To help defuse the tension, General Ramos ordered the rebels to do thirty push-ups, which was later erroneously reported to be their only punishment and became a point of criticism for those who advocated a harsher response to the revolt.

Its general manager Franz Schutzman estimated the damage at $500,000 and noted that the hotel lost five business days, two during the actual occupation and three to cleanup efforts.

[3] Enrile's inclusion in Tolentino's cabinet, despite his disavowals, strained his relations with Aquino and contributed to his dismissal as defense minister following the God Save the Queen Plot later that year in November.