DOUBLEDRAGON launched Hotel101-Roxas Boulevard, its latest development project in Metro Manila, yesterday, May 14.
Located in a prime 1,790-square meter commercial land at Roxas Boulevard in Pasay City, the project will have a total of 34 floors and building height of about 129 meters from ground to the helipad.
The 700-room Hotel101-Roxas Boulevard is set to become the largest hotel in the entire stretch of Roxas Boulevard and is envisioned to become the most vibrant landmark hotel in the area. The project likewise includes relevant amenities such as function and convention facilities, swimming pool, co-working/business center area, gym, and all-day dining restaurant at the 34th floor with stunning views of Manila Bay.
Moreover, the hotel is expected to generate P5.25 billion in unit sales revenues.
According to DoubleDragon, the project is set to begin construction in the second half of this year, and target completion is set in the second half of 2028.
This project will form 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 1 million operating Hotel101 rooms worldwide spread across 100 countries globally.
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 happens to be one of the very few companies that has not only positioned its diversified portfolio of hard assets spread out across the Philippines, but also happens to be one of the very few companies that has 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.
The DoubleDragon team 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 a pinch of pride and honor to our fellow Filipino countrymen./PN