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Business

First international Hotel 101 soon to rise in Japan

Iris Gonzales - The Philippine Star

MANILA, Philippines — DoubleDragon Corp. has moved a step closer toward opening its first international Hotel 101 outside the country.

In a statement, DoubleDragon said its subsidiaries DDPC Worldwide Pte. Ltd. and Hotel 101 Worldwide Pte. Ltd. completed the payment for the acquisition of a prime 9,000-square meters land for its first international Hotel 101 development located in Hokkaido Prefecture, Japan.

DoubleDragon chairman Edgar “Injap” Sia II said the developer is set to jumpstart its homegrown hybrid condotel brand and concept Hotel 101 to become a global Filipino brand.

“Wouldn’t it be great for all of us to eventually be able to see and actually check-in a truly Filipino hotel brand in over 100 countries around the world?” Sia said.

The upcoming Hotel 101 – Niseko, in Hokkaido Prefecture, Japan is expected to be patronized by local domestic travelers in Japan, and foreign tourists from other countries as well as Filipino travelers who visit Hokkaido for leisure as the site is accessible for Filipino travelers via just a few hours of flight from Manila to Sapporo New Chitose Airport.

“Other countries have their homegrown hotel brand exported to other parts of the world, but the Philippines as of now do not have any. There is just no reason why it shouldn’t, since the Filipinos are known to be hospitable people. We strongly believe that Filipinos have what it takes to export their own Filipino brand all over the World too. Yes the Filipino can!” Sia said.

Niseko is known for its powder snow and a long ski season that stretches from late November until early May. Hokkaido is the northernmost island of Japan.

The Hotel 101 concept allows DoubleDragon to generate revenue and income twice, first from the pre-selling of the condotel units, then second after the project is constructed it generates long term recurring revenue from hotel operations.

Hotel 101-Niseko with about 518 rooms and DoubleDragon expects to generate P8.1 billion in hybrid condotel pre-selling sales revenue from its first overseas Hotel 101 project.

DOUBLEDRAGON

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