DoubleDragon held a topping off ceremony for the 548-room Hotel101-Cebu Mactan Airport. The building structure and top floor of the hotel are complete. This project is part of Hotel101-Global’s goal to operate 1 million Hotel101 rooms worldwide by 2050. Of those, 50,000 will be in the Philippines. This expansion aims to make DoubleDragon’s Hotel101 the largest hotel company in the Philippines and one of the top five in the world.
The 548 rooms of Hotel101-Cebu Mactan Airport are fully sold out, with all units pre-sold before completion. It will be the largest airport hotel in the Visayas and Mindanao regions. Construction is ongoing on a 5,493-square-meter commercial lot along Cebu Mactan Airport Terminal Road, near Mactan Marina Mall.
With the addition of Hotel101-Cebu Mactan Airport, Hotel101 will enhance its recurring revenue and strengthen its brand in the Philippines and globally. The hotel is set to open in the first half of 2025, following the opening of the 519-room Hotel101-Davao project.
Together, these hotels will add over 1,000 operating rooms to the Hotel101 Group in the coming months.
More Hotel101 locations are under development in the Philippines and abroad.
Hotel101 uses dynamic pricing for its room rates, similar to airline tickets. This means prices fluctuate based on real-time supply and demand. The Asset Light Hotel101 concept enables DoubleDragon to generate revenue twice: first from pre-selling hotel rooms and then from hotel operations after construction.
In 2024, DoubleDragon’s total equity is expected to exceed Php100 billion for the first time. The company is positioned to become one of the few in the Philippines with total equity at the 12-digit level. DoubleDragon has a diversified asset portfolio across the country and has developed a unique asset-light model with Hotel101 that can be expanded globally.
The export of Hotel101 is anticipated to significantly contribute to US dollar inflows into the Philippine economy. DoubleDragon has built a recurring income portfolio of 1.3 million square meters in various assets, including office leases, CityMall centers, CentralHub warehouses, and Hotel101 projects both locally and internationally.
