DoubleDragon announced today, 14th May, that its latest property development initiative, Hotel101-Roxas Boulevard, is set to become one of the largest in its portfolio.
Located in a prime 1,790 square meters commercial land along Roxas Boulevard in the southern Manila suburb of Pasay City, Metro Manila, the 700-room property will have a total of 34 floors and a building height of about 129 metres from ground to the helipad.
Hotel101-Roxas Boulevard is envisioned to become the most vibrant landmark hotel in the area.
The project includes relevant amenities such as function and convention facilities, swimming pool, co-working/business center area, gym, all-day dining restaurant at the 34th floor with stunning views of Manila Bay.
This property is expected to generate ₱5.25 billion in unit sales revenues when it opens.
Construction is slated to begin later this year, with completion projected by the second half of 2028.
Hotel101-Roxas Boulevard is also part of the long term goal of Hotel101 Global to build a portfolio of 50,000 operating rooms in the Philippines, as part of the overall vision of one million operating Hotel101 rooms worldwide spread across 100 countries globally.
Dynamic and competitive
Hotel101 adopts dynamic pricing on its room rates similar to airline tickets where its prices move up and down depending on the real time supply and demand on the chosen date of booking.
The asset-light Hotel101 concept allows DoubleDragon to generate revenue and income twice, first from the pre-selling of the Hotel101 Happy Rooms, secondly after the project is constructed it generates longterm recurring revenue from hotel operations.
DoubleDragon is one of the few Filipino corporations that has not only positioned its diversified portfolio of hard assets spread out across the Philippines, but has also organically developed a novel asset-light concept and highly unique business model in Hotel101 (HBnB) that is exportable to other continents globally.
The global expansion of Hotel101 is expected to eventually become one of the major US dollar inflow generators to the Philippine economy.
That said, the team behind DoubleDragon is committed to put in the necessary hard work, entrepreneurial grit and perseverance towards this vision and eventually aims to make Hotel101 a truly global brand operating in various jurisdictions worldwide, and eventually bring both pride and honour to its motherland.
