DoubleDragon boosts condotel business
Property developer DoubleDragon Properties Corp. has intensified the offering of P16.1 billion worth of inventory under its condotel-for-sale business with the opening of a dedicated sales lounge that also functions as a showroom and conference area in Pasay City.
To date, the company has booked P2.56 billion in sales from its newly launched Hotel 101 Fort and Hotel 101 Davao properties.
In a disclosure to the Philippine Stock Exchange on Monday, DoubleDragon said it recently inaugurated its Hotel 101 sales lounge at the ground floor of DoubleDragon Plaza at DD Meridian Park, Bay Area, Pasay City.
The Hotel 101 sales lounge houses a training center, various meeting and conference rooms, the ‘Happy Room’ model unit, scale models of the upcoming Hotel 101 projects and other discussion areas catering to Hotel 101 buyers and unit owners.
Hotel 101 is the flagship homegrown hotel brand of DoubleDragon and will comprise more than 80 percent of the 5,000 hotel rooms that the company targets to have in its portfolio by 2020.
“Our economy is doing great as affirmed by S&P Global Ratings which recently upgraded the Philippines’ credit rating a notch higher. This gives us more confidence to further expand and grow our businesses across the country,” said Double Dragon chair Edgar Sia II.
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