DoubleDragon will launch the first Hotel 101 offshore

As a hybrid condotel model where all units are referred to as “Happy Rooms”, DoubleDragon allows all unit owners to have an equal share of Hotel 101 property revenue. CONTRIBUTED PHOTO

DOUBLEDRAGON Corp.’s offshore subsidiary, Hotel 101 Worldwide Private Ltd., has finalized the change of its core business to the Singapore Regulatory Authority.

The change to the Accounting and Business Regulatory Authority (ACRA) of Singapore is covered by Receipt No. ACRA220211134043, dated February 11, 2022.

The change and update of its primary and secondary businesses now enable it to conduct acquisitions, investments and development of real estate properties and businesses as well as conduct real estate sales, marketing, operations and asset management. group projects outside the Philippines.

This is a step towards DoubleDragon’s aspiration to export the Hotel 101 brand and concept worldwide.

Given this development and the latest easing of Covid-19 pandemic restrictions, DoubleDragon expects to acquire its first property for development in Asia by Q2 2022 and launch it by H2 2022.

“Now that the borders have opened and the Covid-19 pandemic is 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,” says DoubleDragon President Edgar “Injap” Sia 2nd. DoubleDragon has pre-selected locations where Hotel 101 is expected to be frequented by local and foreign tourists as well as Filipinos visiting Singapore 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 on 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 Hotel 101 app for Apple iOS and Android will be launched soon.

Comments are closed.