I have just spent 4 nights at the BW in Manila, and was very impressed. Price for a deluxe room was 2800 PhP a night, which was cheap compared to other hotels of a similar standard. The hotel and rooms were immaculate, the rooms had amazing bathrooms and showers, were very spacious and had larrge TV's, free wi-fi, A/C a fridge and good mini bar, buffet breakfast also included in the price. Staff were extremely friendly, helpful and polite. The area wasn't the best, but I never encountered any problems when I was out for an evening or night time stroll.
Highly recommended. I've booked it again for April.
If you venture down to Bohol or Panglao, the Bohol Divers Club at Alona Beach on Panglao is also very nice, not quite as luxurious as the BW Manila, but still good for 2800 a night.
Can anyone recommend anywhere decent for 2500 a night at Station 1 or 2 in Boracay?