Starwood Hotels & Resorts Worldwide, Inc. 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. “Starwood continues to build on its long-standing owner and developer relationships in the region as we expand our strong and growing footprint,” said Charlie Dang, Regional Vice President, Southeast Asia, Starwood Hotels & Resorts Asia Pacific. “Given the flourishing Filipino economy, we are confident that Sheraton Mactan Resort will resonate with travellers and potential homeowners alike with its idyllic location and best-in-class offerings.”