DoubleDragon Corporation (“DoubleDragon”) hotel subsidiary receives today, July 5, 2023 its DHSUD LTS No. 0000073 covering Hotel 101-Libis Bridgetowne Project. The Company to date has fully secured all the necessary building permits and has commenced construction site activities for Hotel101-Libis Bridgetowne in Quezon City, Metro Manila slated for completion in 2026.
The 702 rooms Hotel101-Libis Bridgetowne is set to be the largest hotel in Quezon City with its pioneering standardized signature 21 square meters HappyRooms. The hotel facilities will include a gym and an outdoor infinity pool, all-day dining, business center and function rooms. Hotel101-Libis Bridgetowne sits on a 2,547 square meter prime titled commercial lot which forms part of Bridgetowne District. The property is also across the upcoming RLC’s Opus Mall shopping center within the Bridgetowne District.
Hotel101-Libis Bridgetowne Project is expected to generate ₱4.9 Billion in unit sales revenue. The Hotel101-Libis Bridgetowne units are seen as a solid investment since the unit owners are able to directly and perpetually own a real estate hard asset through the full ownership of the unit through a condominium title.
Last June 7, 2023 the Company reported 548 room Hotel101–Cebu Mactan Airport project fully sold out in just 21 months from the start of pre-selling; over a year ahead of target completion date.
Hotel101 pipeline of inventory from secured prime titled land sites in Cebu, Libis, Boracay, Palawan and Bohol expected to generate ₱18.14 Billion in revenues, excluding the dollar revenues to be generated from the Hotel101 overseas projects.