Hotel101 Global Pte Ltd., a unit of listed property developer DoubleDragon Properties Corp., is set to begin commercial operations of Hotel101-Fort, seen as the largest hotel in Bonifacio Global City with 606 rooms, in July this year.
Built at an estimated cost of P2.9 billion, Hotel101-Fort was originally scheduled to open in December 2020 but was stalled due to the COVID-19 pandemic.
Singapore-registered Hotel 101 Global, meantime, signed a partnership agreement with Emma–The Sleep Company–as official mattress provider to all upcoming Hotel101 projects globally.
“This initiative of enhanced comfort inside Hotel101’s signature HappyRoom is because we believe that in any hotel the ‘bed’ simply holds the longest touch point with our guests, and delighting you is Hotel101’s top priority,” said Hotel101 chairman Edgar “Injap” Sia II.
“Hotel101 believes in delivering unbeatable value to its customers and what better way to deliver that value to our customers than a better night’s sleep! As such, we are partnering with world-renowned companies with similar values that can cater to Hotel101s aspiration to become one of the top five hotel brands globally with a total room portfolio exceeding 500,000 uniform rooms operating in 100 countries by 2040,” said Hotel101 CEO Hannah Yulo-Luccini.
DoubleDragon entered the hospitality business in 2016 with its acquisition of a 70 percent stake in hotel developer and operator Hotel of Asia for P832.2 million.
It aims to list Hotel101 Global on the NASDAQ in view of its forecast that over 95 percent of the Singapore-registered unit’s revenue will come from outside the Philippines. It anticipates operating 25 projects by 2026, including those in the Philippines, Australia, China, Japan, Spain, Singapore, Saudi Arabia, and the U.S.
