Hotel 101 (Philippines) Targets International Expansion
11 Sep 2018 - DOUBLEDRAGON Properties Corp. is expanding the Hotel 101 brand in Southeast Asia.
It envisions Hotel 101 to become the first international Filipino hospitality chain.
“We are now mapping out our next phase of growth beyond 2020, which includes our hotel expansion in key markets overseas,” said DoubleDragon chairman Edgar “Injap” Sia, II. “We are in talks with several groups for the planned launch of Hotel 101 in Vietnam, Hokkaido, Phuket and Bali.”
Sia envisions Hotel 101 to become the largest and most recognized Filipino hotel chain, significantly contributing to the recurring income of DoubleDragon and at the same time providing the market with an innovative, safe and secure investment platform.
“As Filipinos, we are well-known for our warm hospitality and service excellence. Hotel 101 will not only provide a sound investment. It will also be a statement of Filipino hospitality in places we will be, which we can all be proud of,” he said.
The first Hotel 101 opened with 518 rooms – the Hotel 101-Manila in the Bay Area.
“With the operations of Hotel 101-Manila proving to be a successful investment, Hotel 101 has now become a real alternative for investment,” said Sia.
Earlier this year, DoubleDragon launched the 606-room Hotel 101-Fort, which is set to open on the last quarter of 2019.
Plans of opening Hotel 101 in key Philippine destinations such as Davao, Bohol and Boracay are already laid out to hit the 5,000-hotel room target by 2020.
Hotel 101 is the homegrown hotel chain under the hospitality arm and subsidiary of DoubleDragon Properties Corp, Hotel of Asia, Inc. (Hotel 101 Group).
Hotel of Asia, Inc. also holds the master franchise of the Jinjiang Inn hotel brand from China.
DoubleDragon Properties Corp.’s Total Consolidated Equity as of the first half of 2018 is P23.22 billion and its Total Consolidated Assets at P69.74 billion.