Hotel 101 opening in BGC by July

MANILA  -DoubleDragon Corp.’s Hotel101-Fort, touted as the next largest hotel in Bonifacio Global City, is set to welcome guests in about a month amid the resurgence of tourism activities following the easing of mobility restrictions.

In a disclosure on Monday, the listed company led by tycoons Edgar Sia II and Tony Tan Caktiong said that hotel operation was slated to start by July.

The 33-level hotel has 606 rooms and five basement levels of parking. Its facilities and amenities include restaurant, convenience store, gym, swimming pool and conference meeting rooms.

The mattress provider for the hotel is Germany-based Emma—The Sleep Company in line with its partnership agreement with subsidiary Hotel101 Global Pte. Ltd. Their deal also covers all the upcoming projects of Hotel101.

“This initiative of enhanced comfort inside Hotel101’s signature HappyRoom is because we believe that in any hotel, the ‘bed’ simply holds the longest touch point with our guests, and delighting you is Hotel101’s top priority,” Hotel101 chair Sia said.

The hotel subsidiary is currently making moves to go global with projects in Japan, Spain and the United States.

“These first three overseas sites will serve as bridge projects to jumpstart the transition of Hotel101 to transcend beyond these first three countries and become a global brand with a truly unique business concept that can be planted in over 100 countries,” the company said.

Recently, DoubleDragon also announced its plan of establishing footprint in 10 US states by 2026, citing the country as a “major market” to build its hotel chains.

The company is also looking at expanding in the United Kingdom, United Arab Emirates, India, Thailand, Malaysia, Vietnam, Indonesia, Saudi Arabia, Singapore, Cambodia, Bangladesh, Mexico, South Korea, Australia, Canada, Switzerland, Turkey, Italy, Germany, France and China.

In the first quarter, DoubleDragon saw its net income grow by 10.83 percent to P520.09 million as consolidated revenues inched up by 0.06 percent to P1.72 billion.

“DoubleDragon continues to strengthen its position in preparation for the upcoming shift of tide to a fresh new cycle of economic boom years that should naturally follow after a major economic crisis,” Sia said earlier. INQ