DoubleDragon Properties to Expand Hotel 101 Chain in Davao
Manila, Philippines—Hotel of Asia Inc., a subsidiary of DoubleDragon Properties Corp., has recently signed a joint-venture agreement with Davao- based W2JP2 Corp. to build Hotel 101-Davao City in a 5,300 square meters of a prime commercial lot along Eco West Drive, near SM City-Davao.
Expected to be completed in 2020, Hotel 101-Davao is poised to become the largest hotel in Mindanao with 519 hotel rooms, a commercial and retail strip, and modern facilities to host large conventions.
It is a welcome addition to Hotel 101 branches in Manila, one near SM Mall of Asia and the other in Bonifacio Global City, which is under construction.
“We envision Hotel 101 to become the largest and most recognized hotel chain in the Philippines, significantly contributing to the recurring income of DoubleDragon, and at the same time providing the market with an innovative, safe, and secure investment platform,” said DoubleDragon Chairman Edgar Injap Sia II whose 2020 goal is to achieve 1.2 million square meters of leasable space via a mix of office leasing, community mall retail leasing, industrial leasing, and hotel bookings.