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Palmerston Hotels & Resorts, a company specializing in luxury boutique hotels and integrated resorts, is planning to develop a luxury property in Philippine's Boracay island.

The property will be christened as Palmerston Boracay Resort. The five star resort will combine luxury hotel with leisure facilities. It will be followed by Palmerston Place and the Royal Palmerston Hotel which will be developed as deluxe boutique hotel with 59 luxurious suites and 18 villas.

Construction on the Palmerston Boracay Resort will start early next year. According to Diter Klostermann, chairman of Palmerston Hotels & Resorts Philippines's ever growing tourist base has a demand for luxury resorts.