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Manila Bulletin devider Business devider The Stock Market devider Hotel101 expands to Bangkok with ₱3.4-billion joint venture

Hotel101 expands to Bangkok with ₱3.4-billion joint venture

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Published Jul 1, 2026 02:43 pm
Nasdaq-listed Hotel101 Global Holdings Corp. signed definitive agreements to jointly develop a 770-room hotel in Bangkok, Thailand.
In a statement on Wednesday, July 1, the hospitality platform controlled by DoubleDragon Corp. said the project is a joint venture with Thailand’s Origin Property PCL and projected to generate approximately ₱3.4 billion in sales revenue once fully sold.
Located on an 8,336-square-meter site along Phahon Yothin Road near Don Mueang International Airport, the property is scheduled for completion by 2029 and will rank among the top three largest hotels in the Thai capital by room count.
The Bangkok development follows the March 2026 opening of the 680-room Hotel101-Madrid, the brand’s first operational property outside the Philippines.
Hotel101 reported that the Madrid location achieved a single-day occupancy rate of 100 percent recently, generating more than ₱6.4 million in a single day, which the company expects to underpin steady annual recurring revenue.
DoubleDragon plans to add 2,229 operational hotel rooms this year across markets including Madrid, Niseko in Japan, and the Philippine cities of Davao and Cebu. The 482-room Hotel101-Niseko is slated to open in December, adding yen-denominated revenue to the firm’s balance sheet.
Partnering with Origin Property, a specialist in transit-oriented residential developments established in 2009, allows Hotel101 to secure a position adjacent to the Yaek Kor Por Aor BTS station.
The development will feature four-star amenities, including a conference center, swimming pools, and a fitness center, aimed at capturing both domestic and international transit traffic.
DoubleDragon aims to scale the Hotel101 brand to one million uniform rooms across 100 countries through licensing agreements, leveraging cash flows from its domestic community malls, industrial warehouses, and office leasing segments to fuel global growth. (James A. Loyola)

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Hotel101 Global Holdings Corporation DoubleDragon Corporation Origin Property PCL
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