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Manila Bulletin devider Business devider The Stock Market devider DoubleDragon's hotel unit eyes record 2026 openings in global push

DoubleDragon's hotel unit eyes record 2026 openings in global push

Published Apr 28, 2026 10:51 am
DoubleDragon Corp. expects its hospitality subsidiary to reach a record number of room openings this year, as the company aggressively expands its “condotel” model in the Philippines and into international markets including Spain and Japan.
In a disclosure to the Philippine Stock Exchange, the compapny said that Hotel101 Global Holdings Corp., the Nasdaq-listed arm of the developer, plans to bring 2,229 rooms online this year.
The expansion is anchored by the 680-room Hotel101-Madrid, which began operations in March, marking the first time a homegrown Filipino hotel brand has established a presence in Europe.
The subsidiary’s 2026 pipeline also includes 519 rooms in Davao, 548 rooms in Cebu, and 482 rooms in Niseko, Hokkaido.
The surge in room inventory is central to DoubleDragon’s strategy to pivot toward high-volume recurring revenue. The company, led by tycoons Edgar “Injap” Sia II and Tony Tan Caktiong, has spent years building a diversified portfolio that includes community malls, industrial warehouses, and office leasing.
The company expects 2026 to be the inflection point where these long-term investments, combined with a maturing hospitality wing, generate significant steady cash flow.
In its home market, the company reported that its existing flagship properties, the 519-room Hotel101-Manila and the 606-room Hotel101-Fort, continue to maintain high occupancy rates. These domestic operations provide a stabilized foundation as the company tests its asset-light, standardized room model abroad.
The international expansion is already contributing to the top line. Since opening for bookings, the Madrid property has recorded more than 45,000 night stays, translating to approximately ₱387 million in revenue. Management views the European debut as a proof of concept for the brand’s scalability.
DoubleDragon is also looking toward North Asia for its next growth phase. The Hotel101-Niseko project is scheduled to open in December 2026, positioning the company in one of Japan’s premier ski destinations. The project will be among the largest in the Niseko area and will begin generating recurring income in Japanese yen toward the end of the year. (James A. Loyola)

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