Starwood Accelerates Growth in the Philippines with new Sheraton Mactan Resort
Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) today announced the signing of Sheraton® Mactan Resort, a new build property comprised of hotel and branded residences on the exotic coral island of Mactan in the Philippines. Owned by AppleOne Mactan, Inc, a subsidiary of AppleOne Properties Inc., the signing leverages the Sheraton first mover advantage in the region and meets increasing local demand. The new Sheraton Mactan hotel will open in 2019, followed by the opening of the residences in 2020.