HOTEL101 Global Pte. Ltd., the Singapore-headquartered subsidiary of Hotel101 Global Holdings Corp. – a leading asset-light, prop-tech hospitality platform listed on the Nasdaq Stock Exchange and a subsidiary of Philippine-listed DoubleDragon Corp. – entered into definitive agreements with Canopy Sands Development Co., Ltd., to develop two projects in Cambodia.
Canopy Sands Group, being one of Cambodia’s leading real estate developers, has enabled Hotel101 to build on to their prime land. In addition, the arrangement will also enable Hotel101 to navigate well the local landscape and utilize their existing local sales network in Cambodia.
These landmark developments, the first to be located in Phnom Penh, the capital and commercial hub of Cambodia, and the second to be located at Bay of Lights in Sihanoukville, a burgeoning financial and tourism beacon, mark a pivotal step in Hotel101 Global’s long-term vision to operate 1 million hotel rooms across 100 countries.
Hotel101–Phnom Penh is set to rise on a 2,033-square meter prime commercial land at the Tonlé Bassac district, a vibrant riverfront economic and cultural hub. With a capacity of approximately 700 rooms, this hotel is expected to be one of Cambodia’s largest hotels by number of rooms. Nearby is the popular upscale district of Boeung Keng Kang (BKK), a premier expatriate and business enclave.
Hotel101–Phnom Penh is expected to feature Hotel101’s standardized 21-square meter “HappyRoom” units, equipped with kitchenettes, alongside a range of Hotel101’s signature amenities such as a swimming pool, fitness gym, all-day dining, a business center, function rooms, and commercial spaces. This prime location – close to landmarks such as Aeon Mall 1 and the Independence Monument – positions the hotel to capture Phnom Penh’s growing demand for business and leisure accommodation.
Cambodia reported to have received 6.7 million international visitors in 2024, and is expected to further grow with the upcoming Techo International Airport (KTI) slated to open on September 9, 2025. The project is expected to enhance the current hospitality offering that are already operating in Phnom Penh, which include global brands such as Hyaa, Rosewood, Shangri-La and Raffles.
Hotel101–Sihanoukville, meanwhile, will rise on a 4,623-square meter prime commercial land within the Bay of Lights, a groundbreaking US$16-billion, 934-hectare masterplanned coastal development led by Canopy Sands Development.
This hotel, with approximately 680 rooms, is expected to be the largest hotel in in Sihanoukville – a key growing tourism hub with stunning beaches – In terms of number of rooms. It is expected to feature the same standardized Hotel101 “HappyRoom” units and amenities as other Hotel101 properties globally.
Hotel101–Sihanoukville is strategically positioned right beside the proposed international convention and exhibition center in the Bay of Lights development. It is further enhanced by its proximity, a mere 5-minute drive to the Sihanoukville airport, the third largest international airport in Cambodia, and is expected to complement Sihanoukville’s array of hotel offerings which include global brands such as Accor’s Novotel and Wyndham.
These two Hotel101 projects in Cambodia are expected to generate US$109.55 million (P6.3 billion) in sales revenue once fully sold. It forms part of Hotel101 Global’s global expansion strategy, which includes its first three overseas projects under development in Niseko, Japan (482 rooms), Madrid, Spain (680 rooms), and Los Angeles, USA (approximately 622 rooms) as well as affiliate Hotel101 hotels in the Philippines.
The two Cambodian projects are targeted to be completed by 2028 and are expected to contribute to Cambodia’s economic growth through job creation, foreign investment, and increased tourism, while attracting both local and international buyers under Hotel101’s hassle-free hotel unit ownership model.
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 it 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
