Hotel101’s global “one room” hotel chain is poised to disrupt the tourism industry by offering identical, standardized hotel rooms globally. In standardization, Hotel101 sees a global opportunity in the hospitality space that brings unbeatable efficiency, especially for the value segment so customers know exactly what to expect wherever they may be in the world. Hotel101’s asset-light ‘condotel’ business model is designed to scale efficiently while maximizing value for both unit owners and guests.

The partnership unites Hotel 101’s high-efficiency HappyRoom concept and condo-hotel funding model with Horizon’s deeply rooted market expertise and expert connections in the region.

“We are inspired by the leaders of Saudi Arabia and their sheer determination and will power to make things happen, as such, we are confident in the plans they have laid out for the region and we believe the Hotel101 concept will be able to make a significant contribution in terms of room keys to complement the 2030 Vision for the Kingdom, and to form part of our global vision of 1 million Hotel101 rooms worldwide,” said Hotel101 Global Founder Edgar “Injap” Sia II.

“We feel very fortunate to have found the right local partners to rapidly expand the Hotel101 brand in the Kingdom of Saudi Arabia, which is one of the 25 countries we have identified for the initial expansion of Hotel101. We see tremendous opportunities in the Kingdom of Saudi Arabia given the high growth in tourism both domestic and international. We believe Saudi Arabia will be one of the most exciting markets for Hotel101 globally,” said Hotel101 CEO Hannah Yulo-Luccini.

“With Hotel 101’s rapid-build model and Horizon’s local know-how, we will add 10,000 quality, affordable rooms across the Kingdom—supporting Vision 2030, creating Saudi jobs, and expanding options for pilgrims, tourists, and business travelers alike.” said Horizon Group CEO Abdulrahman Sharbatly.

Hotel101 recognizes the strategic opportunities presented by the Saudi market and its Vision 2030 plan. Hotel101 is committed to rolling out a standardized and predictable Hotel offering on average 500 rooms per site which can cater to the evolving and growing demands of the Saudi market.

In 2023, Saudi Arabia welcomed 27 million international tourists and 79 million domestic tourists breaching the 100 million visitor mark. A total spend of USD 67 billion showcased the robust tourism sector of Saudi Arabia. This is in line with the target of reaching over 150m tourists by 2030. This provides substantial opportunities in support services and infrastructure in areas such as Hotels, Shopping, F&B and transportation.

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Total Equity as of March 31, 2025 stands at ₱102.1 Billion. The Company’s Net Debt-to-Equity ratio remains very healthy at 0.76x, one of the lowest D/E ratios among Philippine listed companies.

DoubleDragon’s Balance Sheet is also expected to be further solidified once the  upcoming U.S. NASDAQ listing of its subsidiary Hotel101 Global is completed.

DoubleDragon Corporation has exceeded 1.4 million GFA of completed recurring revenue asset portfolio from its string of hard assets spread out in prime locations in Luzon, Visayas and Mindanao. The Company also holds assets overseas through its subsidiary Hotel101 Global.

DoubleDragon Corporation is also one of the few companies in the Philippines with credit rating PRS AAA (Triple A) from Philippine Rating Services Corporation, the highest rating tier by PhilRatings.

DoubleDragon’s string of titled investment properties strategically planted in prime locations spread out in Luzon, Visayas, Mindanao and Overseas serves as its strong underlying solid foundation.

On top of its string of diversified hard assets portfolio in the Philippines, DoubleDragon happens to be one of the few companies in the Philippines that was able to organically develop a novel and unique business model and brand in Hotel101 that is highly portable and exportable to multiple continents.

DoubleDragon in just about 10 years has completed over 1.4 million square meters of diversified asset portfolio consisting of a chain of provincial community malls in Luzon, Visayas and Mindanao, office buildings in Metro Manila, hotels in the Philippines and overseas, and warehouse complexes around the country.

DoubleDragon is one of the few companies that operates its modern community malls in the countryside, as far as Cotabato City, Koronadal City, Dipolog City in Zamboanga Del Norte and Isulan Sultan Kudarat that further stimulates the countryside local economy, but at the same time enables the positive economic growth to be felt by the real provincial countryside. DoubleDragon is one of the very few companies that has commercial investment as far as Basilan Sulu in the Bangsamoro Autonomous Region.

DoubleDragon’s nationwide Philippine portfolio of titled hard assets footprint strategically located in Luzon, Visayas and Mindanao, is expected to fully mature by this year 2025.

DoubleDragon expects its Hotel101 subsidiary being an Asset-light business model to become one of the major homegrown brand and business model export to other countries that would generate a significant US Dollar inflow to the Philippine economy.

Hotel101 is also expected to further elevate the globally-renowned Filipino brand of hospitality to each of the country where Hotel101 eventually operates. Hotel101 Global is set to complete its first ever Hotel101 project overseas located in Madrid, Spain. The Hotel101 Global Group is currently on the ramp up towards planting its Hotel101 developments towards its near-term goal to be in 25 countries in the next three years and towards its long-term goal of 1 million Hotel101 rooms in 100 countries globally.

DoubleDragon Corporation’s principal shareholders are Injap Investments Inc led by Mang Inasal Founder Edgar Injap Sia II and Honeystar Holdings Corp led by Jollibee Founder Tony Tan Caktiong.

Sia reiterated two key targets set for 2025:

1. Philippine portfolio optimization: Achieve full maturity and optimal revenue generation from the company’s Philippine assets.
2. Global market expansion: Secure a strong international foothold through the company’s offshore ventures.

“These two straightforward goals are still exactly the same focused obsession we do the past year,” Sia said, expressing confidence that DoubleDragon is on track for full achievement by 2025.

“I can confidently say…from where DD stands today, DD will fully achieve that previously set goal of becoming a completely mature company as set by next year 2025,” he added.

Vision 2035: From local powerhouse to global giant

Looking beyond 2025, DoubleDragon’s chairman set his sights on five ambitious goals to be realized by 2035:

1. Revenue and profit milestone: Surpass ₱500 billion in global consolidated annual revenues and ₱50 billion in net income.
2. Nationwide presence: Establish a footprint in all 82 provinces of the Philippines.
3. Global expansion via Hotel101: Extend its hospitality brand to 100 countries worldwide.
4. Debt-free status: Attain a debt-free corporate structure.
5. Significant dividends: Generate annual cash dividends exceeding ₱12 billion.

Sia emphasized that these targets will drive DoubleDragon’s future growth and reinforce its role as a key contributor to the Philippine economy through multi-currency revenue inflows.

“To our DD directors, advisers, and officers; to all our DD team members, partners, bankers, investors, media, family and friends, and to all our stakeholders; to my fellow DD Shareholders, all these five straightforward vital tasks we have set out, can only be done by the whole DD team with the solid support from all of you,” Sia said.

“Rest assured myself and our whole DD team will put these five priority goals for 2035 to heart. Your whole DD team will live and breathe these goals as we go forward towards 2035. Your whole DD team will continue to strategically strengthen its base in the Philippines, and continue to strategically position globally,” he added.

With a strengthened Philippine base and a determined push into global markets, one of the country’s leading real estate and investment companies is prepared to transcend borders, ensuring sustained growth and long-term value for its shareholders and the nation.

DoubleDragon has a diversified portfolio spanning commercial leasing, hospitality, and industrial properties.

Among those present at the annual stockholders’ meeting were: Dr. Tony Tan Caktiong, former chief justice Artemio Panganiban, Dr. Gary Cheng, former energy secretary Vince Perez, Mr. Ferdinand Sia, Mr. William Tan Untiong, Ms. Rizza Marie Joy Sia Javelona, Ms. Hannah Yulo Luccini, Mr. Joseph Tanbuntiong, and Mr. Ernesto Tanmantiong.

Hotel101 is the first ever Filipino homegrown hotel chain to expand in other countries outside the Philippines.

The contractor of Hotel101-Niseko is Iwata Chizaki Inc, one of the largest contractors in Japan, and the same contractor who built the Chitose International Airport in Saporro, Hokkaido Japan.

(Actual photo of the 1.17-hectare prime land of Hotel101-Niseko Hokkaido, Japan)

(Perspective of H101-Niseko Hokkaido, Japan)

Niseko Hokkaido Japan, is a world-class premier ski destination which remains popular year-round from its picturesque landscapes to its natural hot springs. Hotel101–Niseko will be one of the largest value hotels in Niseko encompassing 482 signature HappyRooms offering comfort, convenience, and accessibility to all types of travelers. The upcoming Hotel101-Niseko sits on a sprawling 1.17-hectare property in Hokkaido Prefecture, Japan and is expected to be patronized by local domestic travelers in Japan, and foreign tourists from other countries. The extension of the Shinkansen bullet train to Niseko and Sapporo will further improve access to the region which is also reported to be in the running to host the 2030 Winter Olympics.

Niseko is famous worldwide for its powder snow and Kutchan Town where the property is located is one of the foremost areas of heavy snowfall reaching 13 meters on average with some of the best quality snow in the world. Because of its northern location, Niseko is internationally renowned for consistently delivering good falls of light powder snow and a long ski season that stretches from November until May. Hokkaido is the northmost island of Japan. During the summer Hokkaido stays cool with average temperatures of about 20 degrees Celsius and is also famous for its stunning nature scenes, hot springs, and panoramic flower fields during summer.

DoubleDragon Plaza at DD Meridian Park is positioned as a mini central business district (CBD) in the Bay area given its prime landmark double corner location of EDSA, Roxas Boulevard and Macapagal Avenue in the Bay Area, Pasay City, Metro Manila.

DoubleDragon Plaza is LEED Gold certified and currently houses two government agency headquarters namely PEZA (Philippine Economic Zone Authority) and TIEZA (Tourism Infrastructure Economic Zone Authority) and expects to soon welcome an additional third government agency to relocate their headquarters in the complex, in addition to many private corporate head offices in the complex.

DoubleDragon Plaza at DD Meridian Park as a complex brings undeniable advantage to a variety of office tenants whether corporations, government agencies or BPO companies, given its very prime landmark location with various top food chain brands in the Ground Floor such as Jollibee, Mang Inasal and many others. DD Meridian Park is like a mini-CBD in the Bay Area being the only complex in the area that has 8 commercial banks (Landbank, RCBC, PNB, BPI, AUB, Unionbank, Chinabank, and BDO) making it uniquely convenient for office tenants to complete their banking transactions all within their proximity. These dining and banking options are further complemented by a full-sized supermarket, MerryMart Grocery, located at the Ground Floor of DoubleDragon Plaza. The complex also houses thousands of parking slots, with a separate conveniently located large parking area at the basement solely dedicated for outside customers who visit DD Meridian Park either for business meetings or leisure.

DoubleDragon Plaza is located in a landmark double corner location, just 10-15 minutes drive to NAIA airport via NAIAx, a few minutes drive to the top 3 convention centers in the Philippines (PICC, SMX and World Trade Center), and not too far from other CBDs in Metro Manila.

“During economic crisis, office tenants will have so many choices to choose from a bunch of available office spaces, but when the smoke starts to clear, office tenants, especially corporate offices, will choose efficient and newly built LEED Gold buildings, such as DoubleDragon Plaza at DD Meridian Park in prime locations that will bring better value than alternative CBDs”, said DDMP REIT Inc Chairman Edgar Injap Sia II.

During extraordinarily challenging global economic times, important fundamental advantages of each project or business line here and there would start to become vital, and for this I am personally grateful to the whole DoubleDragon team with the support of all the DoubleDragon Group stakeholders that enabled the planting of the right quality of seeds at the right places over the years, which at this point starts to demonstrate its positive fundamental difference”, added Mr. Injap Sia II.

DoubleDragon Corporation continues its expansion not just for its hotel business, but also the mall operation.

Today, DoubleDragon opens CityMall-Surigao in Surigao City, Surigao del Norte and its 45th operational mall nationwide and officially making it the  No.4  largest mall developer and landlord in the country in terms of the number of operational malls.

Apart from that, DoubleDragon’s unique positioning as a community mall segment is currently the No.1 largest community mall developer and landlord in terms of the number of operating community malls in the Philippines.

The current CityMall’s GFA forms part of the 1.29 million square meters of fully built and completed GFA in DoubleDragon’s diversified portfolio exceeding its 1 million square meters total GFA target by 2020 set and announced during its IPO listing in the PSE last April 2014, at which point it had practically Zero leasable space.

CityMall-Surigao has a total GFA of 8,608 square meters that sits in a 1.05-hectare of prime commercial land. The then-vacant land right beside the Surigao City Integrated Land Transport Terminal was purchased for land banking way back 2015 and forms part of the string of over 100 prime land spread out across Luzon, Visayas and Mindanao that DoubleDragon acquired mostly from 2014 to 2016, when prime land prices was still mostly less than one-fourth of the land prices today.

CityMall-Surigao’s locator/tenant mix includes a full-size  MerryMart Grocery,  Jollibee, Chowking, Mang Inasal, Greenwich, Highlands Coffee, MerryMart   Pharmacy powered by Carlos  Superdrug,  ALLWin Department Store, Fun Nation, PrimeHub, Vazcon Salon, Potato  Corner, JM Shawarma, Party Toppers by Surigao Toopers, Keisha’s Jewelry, Master Siomai, Tori’s Buco, Redd’s Mango, RRJ, Petrol, Mr. Lee, Bobson, FreeLife, RELX  and Elixir  Store, Car-San  Auto,  Anchiko  Cakes & Pastry  Shop, DTI Go Negosyo, Chef Mike Japanese Cuisine booth, JYG Food Enterprises, Yesha’s Kwek Streetfood Cart, DO Marketing, Lemon District, Samantha’s Steamboat and Mister Donut.

After the opening of CityMall-Surigao today, 3 more CityMalls are slated to be completed in the fourth quarter of this year 2023 namely CityMall-Bay Laguna, CityMall-Palo Leyte, and CityMall-Antique. For next year 2024, a total of 4 more CityMalls are set to open namely CityMall-Gen Trias Cavite, CityMall-Guiwan Zamboanga, CityMall-Ormoc and CityMall-Ozamiz which would make DoubleDragon increase its operational mall portfolio to 52 by the end of 2024.

DoubleDragon’s current 45-mall network which are now all operational to date was constructed and opened from the first CityMall in 2015 to the 45th operating mall in a span of only 8 years as of July 28, 2023. The 45 mall openings in 8 years include the over two years of Covid19 pandemic.

The  CityMalls that were opened before the  Covid19  pandemic are now in batches,  undergoing a refresh makeover since early this year and to be completed by the end of this year in line with the goal of making the CityMalls in Luzon, Visayas and Mindanao reach maturity level and attain the optimal above-industry rental yields by 2025.

CityMall’s occupancy level post-Covid19 pandemic has steadily increased and is expected to reach 100% by end of 2024, driven by the continued transition from traditional retail to modern retail in the countryside.

“Within the first three years of DoubleDragon’s IPO in the Philippine Stock  Exchange last April  2014,  we purposely and rapidly acquired the majority of the  Company’s landbank for CityMall when land prices in city centers of prime provincial cities were still low. Today, we have seen exponential value appreciation across the string of prime commercial properties which our DD  team is thankful to have acquired a string of hundreds of prime assets across the country early on,” said DoubleDragon chairman Edgar “Injap” Sia II.

“We see building structures for the recurring revenue business like fruit-bearing trees, where the buildings are like the tree, and the recurring income that eventually follows are like the fruits that keep coming for many decades. And while they produce the fruits year on year, the property like the bark of the tree also becomes more and more valuable,” added Mr. Sia

As Hotel101 ramps up offshore expansion, another golden opportunity is being shared such as the coveted ‘Golden Visa’.

To ensure that this opportunity will not go into waste, DoubleDragon partners with exclusive advisers for ‘Golden Visa’ namely, Taps Orience, PSI Consultants and L&L RSM Law on July 20.

In its media advisory, the Hotel101 Madrid’s Golden Visa processing and advisory fee that cost about 6,000 EURO will be Free of Cost for those who will purchase 3 Hotel101 units in Madrid Spain from the start of the unit pre-selling until December 31, 2023, or until the units are fully sold out, whichever comes first

Based on their bullish forecast, the Hotel101-Madrid is set to become one of the Top 5 largest hotels in Madrid, Spain, not to mention that it is the very first homegrown Filipino hotel chain to enter Spain. Robust sales revenue of about €143.3 Million Euros (₱8.8 Billion Pesos) is expected to be generated from the Hotel101- Madrid project.

DoubleDragon Corporation’s worldwide hotel expansion subsidiary, Hotel101 Global Pte. Ltd., signs Master Service Agreements with Orience, PSI Consultants and L&L RSM Law as the exclusive advisory service providers to process the residency applications by investment option for buyers of at least three (3) units in Hotel101’s first European project, Hotel101-Madrid located in Valdebebas Madrid, Spain.

A Golden Visa for Spain, officially known as the Spain Investor Visa is a residence permit issued to non-European citizens who makes a substantial investment in Spain such as buying a real estate asset worth 500,000 EURO.

“It will be optional for the Hotel101 unit buyers if they wanted to apply for a golden visa with their purchase of the Hotel101 units. As we will be building a fresh inventory of units, it will not reduce the existing housing inventory in Spain, and will add economic activity through the purchase of  land, salaries of construction team and the longterm recurring taxes that this project will bring in. We are excited for a long-term business endeavor, as Spain and Philippines have a very long history of cultural relationship and would bring longterm benefits to both Spain and the Philippines,” said DoubleDragon/Hotel101 Global Chairman Edgar Injap Sia II.

The Golden Visa applications are for evaluation and approval of the proper authorities of the Government of Spain, at its discretion, but the purchase of Hotel101 units may be used by the foreign buyer to comply with the 500,000 EURO Spanish real estate investment requirement.

The Golden Visa processing and advisory fee that cost about 6,000 EURO will be Free of Cost for those who will purchase 3 Hotel101 units in Madrid Spain from the start of the unit pre-selling until December 31, 2023, or until the units are fully sold out, whichever comes first.

Hotel101-Madrid is set to become one of the Top 5 largest hotels in Madrid, Spain. Hotel101-Madrid is set to be the very first homegrown Filipino hotel chain to enter Spain. DoubleDragon’s vision for Hotel101 to become world-class in all standards and create job opportunities to Filipinos who reside in the Philippines or abroad, and bring a pinch of pride and honor to each and every Filipino from anywhere around the world where Hotel101 will eventually locate and operate.

With Hotel101 pipeline of inventories from secured prime titled land sites in Cebu, Libis, Boracay, Palawan and Bohol, these projects are expected to generate P18.14 Billion in revenues, excluding the dollar revenues to be generated from the Hotel101 overseas projects.

DoubleDragon Corporation’s (“DoubleDragon”) hotel subsidiary, Hotel of Asia, Inc. is pleased to announce that it has fully sold out its most recently launched project– Hotel101–Cebu Mactan Airport (“the project”) in just 21 months from the start of pre-selling and over a year ahead of target completion date. Hotel101-Cebu Mactan Airport with its 548 rooms is poised to be the biggest airport hotel in the Visayas and Mindanao Region and currently ongoing construction on a 5,493 square meter prime commercial lot along the Cebu Mactan Airport Terminal Road near Mactan Marina Mall.

With Hotel101–Cebu Mactan Airport as a new addition, Hotel101 now has the essential strategic seeds in place for its near-term goal of becoming the top-of-mind branded hotel chain in the country and eventually, in other parts of the world.

“Having just fully sold out the 548 room Hotel101-Cebu Mactan Airport project, and having fully sold out the first two Metro Manila Hotel101 projects– 606 room Hotel101–Fort and 518 room Hotel101–Manila, we are excited to very soon announce the start of our third Hotel101 project in Metro Manila and first in Quezon City, the 745 room Hotel101-Libis Bridgetowne in E.Rodriguez Avenue, Libis Quezon City,” said DoubleDragon Chief Investment Officer Hannah Yulo-Luccini.

About Hotel101’s new HappyRoom global look; with the AI (Artificial Intelligence) designed Hotel101 Banig accent design; Hotel101-Cebu Mactan Airport project to be the first to adopt the new HappyRoom global look

Hotel101–Cebu Mactan Airport is set to be the first Hotel101 project to adopt the new global version of Hotel101’s 21sqm standardized signature HappyRoom.

The new Hotel101 global look has been designed for construction and operational efficiency, optimizing the use of modular furniture and fixtures as well as the use of prefabricated bathrooms. Hotel101 is expected to become known as one of the most technologically advanced hotel chains across all parts of its value chain. The next version of the Hotel101 App is set to integrate the fully automated self-check-in system with IOT (Internet Of Things) capability.

For its signature look, Hotel101 has chosen the ‘banig’ — the traditional handwoven mat of the Philippines. Banigs are where Filipino families would gather, form lasting bonds and shape memories. The banig symbolizes home, and that’s how we want you to feel when you are staying at Hotel101. The Hotel101 banig colors were carefully chosen to radiate happiness and intended to evoke a Filipino touch in all Hotel101 projects across different countries worldwide.

The Hotel101 signature modern banig was designed by AI (Artificial Intelligence) to symbolize that Hotel101 will always stay ahead of the curve in technological advances.

“Hotel101 Global has spent several months putting together the most ideal hotel room, we have meticulously gone over each and every detail of the new signature 1 SKU Hotel101 HappyRoom to ensure that it can become the most efficient hotel room to build and maintain while fulfilling every essential need to delight the growing number of Hotel101 customers from various parts of the world.

If there is one hotel chain that can optimize the use of modern technology in the global hospitality space, we believe it will be Hotel101, given its pioneering standardized signature 21 sqm HappyRooms and asset-light concept globally.

Eventually, when you stay in any Hotel101, no matter what country you are in, for the first time you will know exactly what to expect,” said DoubleDragon Corporation and Hotel101 Global Chairman Edgar Injap Sia II.

As previously disclosed, the Hotel101 pipeline of inventory from secured prime titled land sites in CEBU, LIBIS, BORACAY, PALAWAN and BOHOL are expected to generate P18.14 Billion in revenues, excluding the dollar revenues to be generated from the Hotel101 overseas projects.

Hotel 101 adopts dynamic pricing on its room rates similar to airline tickets where its room price moves up and down depending on the real-time supply and demand on the chosen date of booking.

The Asset Light Hotel 101 concept allows DoubleDragon to generate revenue and income twice, first from the pre-selling of the Happy Rooms, then second after the project is constructed it generates long-term recurring revenue from hotel operations.

As stated in the Partnership Agreement, Hotel101 Global will include the Emma Original mattresses as part of the features and amenities of all upcoming Hotel101 HappyRooms globally.

“This initiative of enhanced comfort inside Hotel101’s signature HappyRoom is because we believe that in any hotel the ‘bed’ simply holds the longest touch point with our guests, and delighting you is Hotel101’s top priority,” said Hotel101 Chairman Edgar “Injap” Sia II.

“Hotel101 believes in delivering unbeatable value to its customers and what better way to deliver that value to our customers than–- a better night’s sleep! As such, we are partnering with world- renowned companies with similar values that can cater to Hotel101s aspiration to become one of the Top 5 hotel brands globally with a total room portfolio exceeding 500,000 uniform rooms operating in 100 countries by 2040,” said Hotel101 CEO Hannah Yulo-Luccini.

SelectUSA is the U.S. government program led by the U.S. Department of Commerce that focuses on facilitating business investment into the United States. The SelectUSA Investment Summit is the top event in the United  States for Foreign Direct Investment promotion, connecting investors and companies planning to expand in the  U.S. to the government agencies of 50 States. 

“We are delighted to be part of the Philippine delegation to the 2023 SelectUSA Investment Summit as the connections we have made this week have enabled us to significantly accelerate our process in selecting which of the ten states in the U.S. we should expand to first as well as giving us a direct line to the investment groups of the 50 U.S. states,” said Hotel101 Global CEO Hannah Yulo-Luccini. 

“Joining the Select USA Investment Summit made our plan to expand in the U.S. market far more efficient and  effective and it gave us more overall confidence in growing Hotel101 in the USA,” said DoubleDragon/Hotel101  Global Chairman Edgar “Injap” Sia II. 

“We are excited to have Hotel101 Global join the Philippine Delegation to the 2023 SelectUSA Investment  Summit. The company will play an important role in expanding the U.S.- Philippines commercial, investment, trade and economic relationship,” said Paul Taylor, the Commercial  Counselor at the U.S. embassy in Manila.