Hotel101 to build largest hotel in Quezon City
MANILA -The property venture of business tycoons Edgar Sia II and Tony Tan Caktiong eyes sales of about P4.9 billion from its Hotel101-Libis Bridgetowne, touted to be the largest hotel in Quezon City.
DoubleDragon Corp., the owner of the Hotel101 chain, says it will start selling its inventory of Hotel101-Libis Bridgetowne, comprising 702 units and slated for completion in 2026.
“The Hotel101-Libis Bridgetowne units are seen as a solid investment since the unit owners are able to directly and perpetually own a real estate hard asset through the full ownership of the unit through a condominium title,” DoubleDragon says in a regulatory filing.
“The company, to date, has fully secured all the necessary building permits and has commenced construction site activities,” it adds.
Hotel101 set to launch QC project
Growing portfolio
The hotel will also feature other amenities such as a gym, outdoor infinity pool, all-day dining, business center and function rooms.
Hotel101 earlier announced that its 548-room project near Cebu’s airport had been fully sold out in 21 months.
It expects to generate around P18.4 billion in revenues from its new hotel projects, which will include locations in Boracay, Palawan and Bohol.
DoubleDragon adds Bohol, Boracay to hotel portfolio
The company is also rapidly expanding overseas via Singapore-registered Hotel101 Global Pte. Ltd. Its first three overseas locations will be in Niseko in Hokkaido, Japan; Madrid in Spain and California, United States.
Injap Sia’s Hotel101 targets US, Spain for expansion
For its near-term expansion road map, Hotel101 will open in 25 countries by 2026.
