The Working President

The Working President
Davao City Mayor Rodrigo Duterte "destined to become president"

Follow SouthernDCBlogs on Twitter

Tuesday, August 22, 2017

DoubleDragon building Mindanao’s biggest hotel



Joint venture partners Lorenzo Jun Te, Sammy Uy of W2JP2 Corp. and Edgar Sia II, Ferdinand Sia of DoubleDragon, on a courtesy call to Davao City mayor Sara Duterte after signing venture to build 519-room Hotel 101 in the city.

A unit of property developer DoubleDragon Properties Corp. is set to build what is touted to be Mindanao’s biggest hotel, a 519-room Hotel 101 with shopping and convention facilities in Davao City.
In a disclosure to the Philippine Stock Exchange on Tuesday, DoubleDragon that Hotel 101-Davao City would break ground in the last quarter of the year and is targeted to be completed by 2020.
Hotel 101 is a brand of Hotel of Asia Inc. (HOA), a subsidiary of DoubleDragon which aims to have a total of 5,000 hotel room portfolio by 2020. This will be the third Hotel 101-branded property to be added to its portfolio, following the existing Hotel 101-Manila near Mall of Asia and Hotel 101-Fort, which is already under construction.

Perspective view of Hotel 101 - Davao 

The upcoming hotel, a joint venture between HOA and Davao-based W2JP2 Corp., will rise on a 5,300-square meter prime commercial lot located at Eco West Drive at the side of SM City-Davao. It is targeted to offer rooms priced at P2,500 to P2,800 per night.

After signing the joint venture deal, top officials of DoubleDragon and W2JP2 paid a courtesy call to Davao City Mayor Sara Duterte.
Apart from its hotel rooms, the upcoming hotel will have a commercial and retail strip, and facilities to cater convention.

Hotel 101 - Manila in Pasay City courtesy of Booking.com


The Swimming Pool of Hotel 101 - Manila in Pasay City (Photo TripAdvisor)

DoubleDragon recently upgraded its 2020 goal to achieve 1.2 million square meters of leasable space with a mix of office leasing, community mall retail leasing, industrial leasing and hotels.
“We envision Hotel 101 to become the largest and most recognized hotel chain in the Philippines, significantly contributing to the recurring income of DoubleDragon, and at the same time providing the market with an innovative, safe and secure investment platform,” DoubleDragon chair Edgar Sia II said.


Apart from Hotel 101, HOA is also exclusive master franchisee of JinJiang Inn in the Philippines. Jiang Inn, one of the largest hotel chains in China, is seen to cater to growing tourists from mainland China. HOA currently operates two JinJiang Inns in the Philippines, one located along San Miguel Ave. in Ortigas and another located along Pasay Road in Makati.


source: Philippine Daily Inquirer

Related Posts Plugin for WordPress, Blogger...

Share and Like:

CATEGORIES

ARAW NG DABAW ASIA News Bo's COFFEE BON CHON DAVAO Cabantian Cabantian CBD Cagayan de Oro City CARAGA Region Chowking COFFEE SHOP - Cotabato City COFFEE SHOP - Davao City COFFEE SHOP - Gensan City COMVAL Comval Festival COMVAL TOURIST SPOT COMVAL: BEACH FESTIVAL DAVAO - SAMAL ISLAND DAVAO AWARD & CITATION DAVAO BEACH FRONT PROPERTY DAVAO CITY DAVAO CITY MAYOR Davao Coffee Shop DAVAO CONDO Davao FastFood DAVAO FESTIVAL DAVAO FESTIVALS DAVAO FOODIES DAVAO FUN RUN DAVAO GOLF DAVAO HOSPITAL DAVAO HOTEL DAVAO NEW BIZNES DISTRICT DAVAO REAL ESTATE NEWS DAVAO REGION DAVAO REGION FESTIVAL DAVAO SPORTS DAVAO SUBDIVISION DAVAO SUMMER FEST DAVAO TOURIST SPOT DAVAO WAVE POOL DAVAO X'MAS SEASON DAVAOEÑOS PRIDE DECA WAKE BOARD PARK TOURNAMENT E-Commerce ENTERTAINMENT ENVIRONMENT EVENTS FASHION STATEMENT FILIPINOS PRIDE FIRST IN DAVAO FOODIES Gaisano GrandMalls GAISANO MALLS GOVERNMENT HALO-HALO HEALTH and BEAUTY JOB Opening JOLLIBEE DAVAO KADAYAWAN FESTIVAL KFC KRISPY KREME LAMDAG PARADA LIFE and STYLE MALLS IN DAVAO MALLS IN GENSAN MANA ANTIQUE SHOP MANNY PACQUIAO MAYOR RODY DUTERTE MAYOR SARA DUTERTE McDonald’s Davao MEDIA HYPE MEDIA PROMO MINDANAO MINDANAO BIZNES NEWS MINDANAO FOODIES MONKAYO NATIONAL NEWS NCCC MALL NCCC: Supermarket / CHOICE / HB1 OFW News PH BEACH FESTIVAL PH BIZNES NEWS PH FUN RUN PH SONA PHILIPPINE SCHOOLS PhotoBlog POLITICS PUREGOLD PRICE CLUB INC RAZON'S REAL ESTATE NEWS REAL ESTATE PROPERTY SaveMore by SM SCHOOL SM MALLS SPORTS STA CRUZ Davao STARBUCKS STARBUCKS - DAVAO STARBUCKS COFFEE TAGUM CITY TAGUM CITY FESTIVAL TAGUM CITY: FUN RUN Tagum Coffee Shop Tagum FastFood Tagum Food Tagum Hospital Tagum Hotel Tagum Latest Dev't. Tagum Malls Tagum Supermarket Tagum Tourist Spot TECH News WORLD BIZNES NEWS WORLD NEWS