On October 10, 2024, DoubleDragon held the topping off ceremony for the 548-room Hotel101-Cebu Mactan Airport, marking the completion of the building structure and topmost floor.
This project is part of Hotel101-Global’s goal of operating 1 million Hotel101 rooms worldwide by 2050, with 50,000 rooms planned in the Philippines. This will solidify DoubleDragon’s position as the largest hotel company in the country and one of the Top 5 globally.
The 548-room Hotel101-Cebu Mactan Airport has been fully sold out, with all units pre-sold before completion. It will be the largest airport hotel in the Visayas and Mindanao region, located on a 5,493-square-meter prime lot near Cebu Mactan Airport Terminal Road and Mactan Marina Mall.
The hotel’s completion will contribute to Hotel101’s recurring revenue and strengthen its brand presence both locally and globally. The next milestone is the hotel’s opening in the first half of 2025, following the 519-room Hotel101-Davao.
Both hotels will add over 1,000 rooms to Hotel101’s inventory in the coming months. More Hotel101 projects are under simultaneous development across the Philippines and abroad.
Hotel101 utilizes dynamic pricing, similar to airline tickets, where rates fluctuate based on real-time demand. The asset-light model allows DoubleDragon to generate income from pre-selling units and recurring revenue after the hotel becomes operational.
DoubleDragon’s total equity is expected to surpass P100 billion in 2024, making it one of the few Philippine companies to reach a 12-digit equity level. With a diversified hard asset portfolio across the country and its exportable Hotel101 concept, DoubleDragon aims to make Hotel101 a global brand and a significant US dollar inflow generator for the Philippine economy.
DoubleDragon has accumulated 1.3 million-square meters of recurring income assets, including office buildings, CityMall community centers, CentralHub warehouse complexes, and Hotel101 projects both locally and internationally.
DoubleDragon is committed to make Hotel101 a global brand and to bring pride and honor to the Philippines.
