On October 10, 2024, DoubleDragon celebrated the completion of the building structure and the topmost floor of the 548-room Hotel101-Cebu Mactan Airport with a Topping Off ceremony.
This project is a key component of Hotel101-Global’s ambitious long-term goal to establish 1 million operating Hotel101 rooms worldwide by 2050. Of this total, 50,000 rooms are planned for the Philippines, reinforcing DoubleDragon’s aim to become the largest hotel company in the country and a contender among the Top 5 hotel companies globally.
The 548-room Hotel101-Cebu Mactan Airport project has been 100% fully sold out as all the units have been pre-sold prior to the project completion
On October 10, 2024, DoubleDragon held a Topping Off ceremony for the 548-room Hotel101-Cebu Mactan Airport, celebrating the completion of the building structure and its topmost floor.
This hotel is part of Hotel101-Global’s ambitious long-term plan to achieve 1 million operating Hotel101 rooms worldwide by 2050, with 50,000 of those rooms designated for the Philippines. This initiative is expected to solidify DoubleDragon’s position as the largest hotel company in the Philippines and one of the Top 5 hotel companies globally.
Remarkably, all units in the Hotel101-Cebu Mactan Airport project have been pre-sold, making it 100% sold out before completion. Upon opening, it will be the largest airport hotel in the Visayas and Mindanao regions, located on a prime 5,493 square meter commercial lot along Cebu Mactan Airport Terminal Road, near Mactan Marina Mall.
With the addition of Hotel101-Cebu Mactan Airport to its portfolio, Hotel101 aims to enhance its recurring revenue-generating capabilities, supporting its goal of becoming the top-of-mind branded hotel chain in the Philippines and eventually expanding internationally. The hotel is expected to open in the first half of 2025, following the anticipated launch of the 519-room Hotel101-Davao, together adding over 1,000 operating rooms to the Hotel101 Group.
Hotel101 employs dynamic pricing for its room rates, similar to airline ticket pricing, where prices fluctuate based on real-time supply and demand. This innovative Asset Light Hotel101 concept enables DoubleDragon to generate revenue in two phases: first, through the pre-selling of Hotel101 Happy Rooms, and second, through long-term recurring revenue from hotel operations after construction.
In 2024, DoubleDragon’s Total Equity is projected to exceed Php 100 billion for the first time, positioning the company among the few in the Philippines with total equity in the 12-digit range. The company boasts a diversified hard asset portfolio across the nation and has successfully developed a unique, exportable asset-light business model with Hotel101 (HBnB). This model is expected to contribute significantly to US dollar inflows into the Philippine economy.
DoubleDragon Corporation stands out as one of the few companies in the Philippines with a completed recurring income portfolio of 1.3 million square meters in diverse hard assets, including the Jollibee Tower, DoubleDragon Plaza at DD Meridian Park, a series of CityMall community centers, CentralHub warehouse complexes, and various Hotel101 projects both locally and abroad.
The DoubleDragon team remains committed to putting in the hard work, entrepreneurial spirit, and perseverance necessary to realize their vision of making Hotel101 a globally recognized brand, ultimately bringing pride and honor to fellow Filipinos.
