DOUBLEDRAGON Properties Corp. maps out the expansion of the Hotel 101 brand in Southeast Asia to fulfill its vision of becoming the first international Filipino hospitality chain.
“We are now mapping out our next phase of growth beyond 2020, which includes our hotel expansion in key markets overseas,” says DoubleDragon Chairman Edgar “Injap” Sia, II.
“We are in talks with several groups for the planned launch of Hotel 101 in Vietnam, Hokkaido, Phuket and Bali,” he adds.
Sia aspires for Hotel 101 to become the largest and most recognized Filipino hotel chain, significantly contributing to the recurring income of DoubleDragon, at the same time providing the market with an innovative, safe, and secure investment platform.
“As Filipinos, we are well known for our warm hospitality and service excellence, Hotel 101 will not only provide a sound investment, but also a statement of Filipino hospitality in places we will be, which we can all be proud of,” he shares.
The first Hotel 101 opened with the 518-room Hotel 101–Manila in the Bay Area.
“With the operations of Hotel 101–Manila proving to be a successful investment, Hotel 101 has now become a real alternative for investment,” Sia adds.
Earlier this year, DoubleDragon launched the 606-room Hotel 101–Fort, which is set to open last quarter of 2019. Moreover, plans of opening Hotel 101 in key Philippine destinations such as Davao, Bohol and Boracay are already laid out to hit the 5,000 hotel room target by 2020.
Hotel 101 is the homegrown hotel chain under the hospitality arm and subsidiary of DoubleDragon Properties Corp, Hotel of Asia, Inc. (Hotel 101 Group). Hotel of Asia, Inc. also holds the master franchise of the Jinjiang Inn hotel brand from China.
DoubleDragon Properties Corp. Total Consolidated Equity as of first half of 2018 is at Php 23.22 Billion and Total Consolidated Assets at Php 69.74 Billion.