Sheraton to Manage Fairways & Bluewater Complex

BORACAY, Philippines -- ITT Sheraton Corp. plans to manage an integrated resort complex on the Philippine island of Boracay.

The complex, named Fairways & Bluewater Resort, Golf & Country Club, will include the 114-room Sheraton White Beach Resort; the 220-room Sheraton Paradise Cove Resort; 810 private villa units; the 108-room Fiesta Village Resort and Township Centre, an 18-hole championship golf course and various retail, entertainment and recreational facilities.

Boracay, which is known for its white sand beaches, scuba diving and other water sports, is located about an hour by air from Manila.

According to Sheraton, the project already is under construction, with its core properties expected to open in 1998. The entire project is targeted to be completed by 2001.

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