Globalizing Hotel101 opens hub in Singapore
GLOBAL HQ Hotel101 makes Plus Building at Raffles area in Singapore its home for international operations
DoubleDragon Corp., the listed property company of Filipino tycoons Tony Tan Caktiong and Edgar “Injap” Sia II, is gearing up for the next phase of its international rollout with the opening of its Hotel101 Global hotel headquarters in the heart of Singapore’s financial district.
Located in the PLUS Building in Raffles Place, Hotel101 Global office will serve as the group’s main hub for its ambitious plan to build hotels in over 100 countries by 2040.
“The Hotel101 Global Corporate Office functions as the hub for our team members that are based in different countries as we form the right mix of experienced team members that will efficiently lead the expansion of the Hotel101 Unique and asset-light business model simultaneously in various countries,” Hotel101 Global CEO Hannah Yulo-Luccini said in a statement on Tuesday.
Hotel101 announced the development of hotels in three locations: Niseko, Japan; Madrid, Spain, and California in the United States. The 482-room Niseko project, located in Japan’s Hokkaido region, held its groundbreaking event last August.
These are part of plans to build new hotels in 25 countries over the next three years, allowing the developer to reach “optimal” revenue generation level by 2025.
“Given that the world economy is getting more and more fragile and volatile, we deemed it imperative, that the only way to future-proof itself is to passionately pursue the target of DoubleDragon’s revenues to be derived from geographically diversified sources,” said Sia, who is the chair and CEO of DoubleDragon.
Over the long-term, their goal was to cap revenue contribution per country at 10 percent, he noted.
“But of course, your company DoubleDragon Corp. will remain to be a deep-rooted Filipino company at its core forever,” Sia said. INQ
