A consortium led by Double Dragon Properties Corp. has broken ground on Boracay Island for what will soon be the biggest hotel in the Philippines in terms of room count: a 1,001-room “eco-friendly” beachfront hotel under homegrown Hotel 101 brand.
Hotel 101 Resort-Boracay— the fourth development under Hotel 101 brand—will rise on a two-hectare beachfront cove of Boracay Newcoast, a 150-hectare tourism estate of Megaworld Corp.’s leisure estate subsidiary, Global-Estate Resorts Inc.
The project is a joint venture between DoubleDragon’s hospitality arm Hotel of Asia Inc. and Newcoast South Beach Inc. Hotel 101 is a hotel brand of DoubleDragon which aims to have 5,000 hotel rooms in its portfolio by 2020.
DoubleDragon is led by Mang Inasal founder and DoubleDragon chair Edgar “Injap” Sia II and Jollibee founder and DoubleDragon co-chair Tony Tan Caktiong while NewCoast South Beach is led by its chair Enrique Gonzalez.
In a text message, Sia said the Boracay property— which would offer accommodations within the P6,000 to P8,000 range per night—was targeted for completion by the fourth quarter of 2020. —DORIS DUMLAO-ABADILLA