DoubleDragon Corporation changes the main purpose of Hotel 101
The amendment is a step forward in DoubleDragon’s aspiration to export the Hotel 101 brand and concept worldwide.
DoubleDragon Corporation’s (“DoubleDragon”) offshore subsidiary, Hotel 101 Worldwide Private Limited “(Hotel 101 Worldwide)”, has completed the change of its core business to the Singapore Regulatory Authority.
The change and update of its primary and secondary businesses now enable it to conduct acquisitions, investments and the development of real estate properties and businesses, as well as to conduct real estate sales, marketing, operations and management. Group projects outside the Philippines.
A step forward in DoubleDragon’s aspiration to export the Hotel 101 brand and concept globally, the expansion can be accomplished directly by Hotel 101 Worldwide or through partnerships and joint ventures with other developers. real estate in other countries.
Given this development and the latest easing of Covid19 pandemic restrictions, DoubleDragon expects to acquire its first property for development in Asia by Q2 2022 and launch it by H2 2022.
DoubleDragon has pre-selected locations where Hotel 101 is expected to be frequented by local and foreign tourists as well as Filipinos visiting the country for business or leisure. The first Hotel 101 project outside the Philippines is also expected to give Filipino investors a chance to make their first offshore real estate investment with affordable payment terms for their hybrid Hotel 101 condotel investment.
The concept patent for the pioneering condotel concept of Hotel 101 has already been filed. The Hotel 101 brand and domains have been secured in various countries around the world.
The concept of Hotel 101 is a hybrid condotel model where all units or “Happy Rooms” as they are called are identical, thus allowing all unit owners to have an equal share of the property’s revenue from Hotel 101. The Hotel 101 app for Apple iOS and Android will be launched soon.
“The development and completion of these new Hotel 101 projects will be fully synchronized with the full recovery and anticipated rebound of the tourism industry. We believe that in a few years all of this will be pent up.
tourism demand will drive an unprecedented increase in demand for hotel rooms across the globe,” said Hannah Yulo-Luccini, Chief Investment Officer of DoubleDragon.
“Filipinos are admired around the world for being very hospitable people. In fact, many hotels around the world are skillfully run by Filipino talent.
With this in mind, DoubleDragon believes it is high time for a Filipino company to pursue this aspiration of creating a local Filipino hotel brand that is recognized around the world and will ultimately bring honor and pride to Filipinos.
We are grateful to the DoubleDragon team who have been able, over the years, to set up, refine and test the unique and pioneering concept of the Hôtel 101 hybrid condotel and above all to give life to an exportable concept for the world. We are also pleased to have been able to patent the Hotel 101 concept early on,” said DoubleDragon President Edgar “Injap” Sia 2nd.
DoubleDragon currently has 6,165 hotel rooms in its national portfolio that are operational, under construction, and about to launch hotel projects across its Hotel 101, Jinjiang Inn Philippines, and Ascott-DD Meridian Park brands.
“Now that the borders have opened up and the Covid19 pandemic looks set to end, we believe the elements are already in place to finally bring forward DoubleDragon’s aspiration to create a global Filipino hotel brand that every Filipino can be proud of.” , Sia finally said. noted.