DoubleDragon’s subsidiary, Hotel101 Global Pte Ltd, has successfully secured a prime corner lot spanning 3,647 square meters in Los Angeles, California, USA.
The Hotel101-Los Angeles site, nestled within the Westlake North District of Los Angeles, boasts exceptional proximity—just a short 5-minute commute to Downtown LA, Dodger Stadium, and the former Staples Center, with a mere 10-minute drive to Hollywood and approximately 20 minutes to Beverly Hills. Its accessibility extends to Highway 101, while the Los Angeles International Airport (LAX) is a convenient 20-minute drive away.
Envisioned to house 622 units upon entitlement and zoning approval, Hotel101-Los Angeles marks the pioneering Hotel101 development in the United States. Beyond the customary Hotel101 amenities such as a round-the-clock dining establishment (operated by concessionaires), a Business Center, Swimming Pool, Fitness Gym, and commercial space for a 24-hour convenience store, this site is slated to feature an expansive convention center and function rooms offering stunning vistas of the entire Los Angeles skyline.
Anticipated sales revenues from the Hotel101-Los Angeles, California, USA project amount to approximately US$183 Million (₱10.3 Billion Pesos).
“As history has taught us, major economic recessions have actually served as a launchpad for many inspiring entrepreneurs to leap forward. These temporary periods of dislocation and chaos have created rare windows of opportunity for their businesses to strengthen their market grip and enable many of them to become what we know today as the world’s most incredible and durable businesses,” shared Edgar “Injap” Sia II, Chairman of DoubleDragon Corporation.
“This step completes the first 3 strategic overseas sites of Hotel101 located in Japan, Spain, and the USA, and is set to enable Hotel101 to transcend as a truly global brand,” remarked Hannah Yulo-Luccini, CEO of Hotel101 Global Pte. Ltd.
