DoubleDragon expands portfolio with Hotel 101-Fort
Hotel 101, the flagship homegrown brand of Hotel of Asia, Inc., a subsidiary of publicly listed real estate firm DoubleDragon Properties Corp., expands its growing portfolio of hotel properties with the ongoing construction of Hotel 101-Fort.
Rising at 33 storeys and standing on a 1,224 sq. m. prime corner lot, Hotel 101-Fort is envisioned to be a premier business and leisure hotel. Once completed in 2020, Hotel 101-Fort will house a total of 606 well-appointed hotel rooms, a three-level podium with specialty retail shops and dining outlets, and a full amenity floor.
Hotel 101-Fort is centrally located a stone’s throw away from BGC’s shopping and dining district, which is sure to attract the burgeoning tourist market. With this, the hotel offers utmost comfort, privacy, and convenience.
Apart from the solid backing of DoubleDragon Properties Corp., what sets Hotel 101 apart from the rest is the unique and worry-free investment opportunity that the company offers, allowing investors the once-in-a-lifetime opportunity to partner with a fast-growing hotel and hospitality brand and contribute to the robust Philippine tourism industry.
Investors are assured of 30 percent of the total gross room revenues (excluding taxes), with Hotel 101 overseeing operating expenses, unit repairs, and maintenance for the utmost peace of mind. A premium grade hotel unit under your name, meanwhile, lets you to stay for free for 10 days in a year — while consistently earning from your unit all year round.
“We envision Hotel 101 to become the largest and most recognized hotel chain in the Philippines, with Hotel 101-Fort standing as one of our premium, flagship properties,” shares Edgar Sia II, chairman of DoubleDragon. “Its enviable location puts you at the center of business and pleasure.”
Hotel 101-Fort is the second Hotel 101 project to launch in the Philippines. Presently, Hotel 101-Manila at the Mall of Asia Complex is already in full operation, with other properties in Davao and Boracay in various stages of construction and development. By 2020, the company expects 5,000 rooms in operation across the country.