DOUBLEDRAGON reached a milestone of 1.5 million gross floor area (GFA) of completed recurring revenue hard asset portfolio with the completion of the fully pre-leased five-hectare CentralHub warehouse complex in Cebu.
It is actively building out CentralHub’s industrial warehouse portfolio towards its goal to establish a P24.8-billion leasing portfolio and list the first industrial REIT in the Philippines. CentralHub is a joint-venture company of DoubleDragon Corporation and Jollibee Foods Corporation.
The current CentralHub portfolio includes the largest commissary and distribution center of Jollibee Foods Corporation in Laguna.
Total equity as of March 31, 2025 stands at P102.1 billion. The company’s Net Debtto-Equity (D/E) ratio remains very healthy at 0.76x, one of the lowest D/E ratios among Philippine listed companies.
DoubleDragon’s Balance Sheet has recently been further solidified after the U.S. NASDAQ listing of its subsidiary Hotel101 Global, which made history as the first-ever Filipino-owned company to be listed and traded on the U.S. NASDAQ Stock Exchange. The listing is an initial but vital step towards the Hotel101 Global vision of 1 million rooms in 100 countries worldwide.
DoubleDragon Corporation has completed a total of 1.5 million GFA of completed recurring revenue asset portfolio from its string of hard assets spread out in prime locations in Luzon, Visayas and Mindanao. The company also holds assets overseas through its subsidiary Hotel101 Global.
DoubleDragon Corporation is also one of the few companies in the Philippines with credit rating PRS Aaa (Triple A) from Philippine Rating Services Corporation, the highest rating tier by PhilRatings.
Its string of titled investment properties strategically planted in prime locations spread out in Luzon, Visayas, Mindanao, and overseas serves as its strong underlying solid foundation. On top of its string of diversified hard assets portfolio in the Philippines, DoubleDragon happens to be one of the few companies in the country that was able to organically develop a novel and unique business model and brand in Hotel101 that is highly portable and exportable to multiple continents.
In just about 10 years, DoubleDragon has completed a total of 1.5 million square meters of diversified asset portfolio consisting of a chain of provincial community malls in Luzon, Visayas and Mindanao; office buildings in Metro Manila; hotels in the Philippines and overseas; and warehouse complexes around the country.
Also, DoubleDragon is one of the few companies that operates its modern community malls in the countryside, as far as Cotabato City, Koronadal City, Dipolog City in Zamboanga Del Norte and Isulan in Sultan Kudarat that further stimulates the countryside local economy, but at the same time enables the positive economic growth to be felt by the real provincial countryside. It is also one of the very few companies that has commercial investment as far as Basilan, Sulu.
Meanwhile, DoubleDragon’s nationwide Philippine portfolio of titled hard assets footprint strategically in the country is expected to fully mature this year.
It expects its Hotel101 subsidiary being an Asset-light business model to become one of the major homegrown brand and business model export to other countries that would generate a significant US Dollar inflow to the Philippine economy. Hotel101 is also expected to further elevate the globally-renowned Filipino brand of hospitality to each of the country where it eventually operates.
The Hotel101 Global Group is currently on the ramp up towards planting its Hotel101 developments towards its near-term goal to be in 25 countries in the next three years and towards its long-term goal of 1 million Hotel101 rooms in 100 countries globally.
DoubleDragon Corporation’s principal shareholders are Injap Investments Inc. led by Mang Inasal founder Edgar “Injap” Sia II and Honeystar Holdings Corp. led by Jollibee founder Tony Tan Caktiong./PN
