"The Westin Philippine Plaza is one of the most established and recognized hotels of the Westin group in Asia-Pacific. It has been a part of the history of the Philippines and has hosted many international events, and well-known dignitaries and celebrities. We are very proud to continue the partnership with Philippine Plaza Holdings Inc. for the management of The Westin Philippine Plaza," said David Shackleton, senior vice president of Starwood Hotels & Resorts Worldwide Inc.

"We look forward to the continuing partnership with Westin Hotels Resorts for the management of The Westin Philippine Plaza, which is a very important asset for our company," says Oscar S. Salvacion, president of Philippine Plaza Holdings Inc. "The hotel has undergone major renovation and refurbishing over the past three years and now has excellent facilities and services for the business and leisure travelers."

The hotel underwent a $30 million renovation program from 1996-1998 and plans are now being finalized for a $10 million, three-year "product improvement" to begin later this year, Westin officials report.