Real estate developer DoubleDragon Corp. se has embarked on a global expansion of its hotel business with the acquisition of 9,000 meters of land in Hokkaido Prefecture, Japan.
DoubleDragon said in a stock exchange on Thursday that subsidiaries DDPC Worldwide Pte. Ltd. et Hotel 101 Worldwide Private Limited have paid the deposit required to acquire the land, which will be the long-term site of Hotel 101’s first foreign expansion.
He provided additional details, adding the structure schedule for the new hotel.
DoubleDragon said the upcoming 101-Niseko hotel is expected to be frequented by domestic travelers to Japan and foreign tourists, adding Filipino travelers to Hokkaido for pleasure.
“The rooms at Hotel 101 around the world are meant to be one size or similar and seem to cater to the mid-range market, allowing for a very effective booking process, allowing visitors to know precisely what to expect in a 101 hotel wherever they are. ” says Double Dragon.
“The concept patent of the pioneering condotel concept of Hotel 101 has already been registered and the 101 hotel logo and country-specific spaces have been secured in countries around the world,” he said.
The first allocation of Hotel 101 is expected to give Filipino investors the opportunity to make their first genuine real estate investment with affordable payment terms for a hybrid condotel.
Based on the Hotel 101 concept, all sets will be identical, allowing all owners to have an equivalent percentage of asset income.
The doubleDragon soft asset concept to generate twice as much profit and profit, first from the pre-sale of the units, and once the assignment is built, from the recurring profits of the hotel operation.
Hotel 101 adopts dynamic prices in its room rates, for airline tickets where the price rises and falls according to the origin and demand in real time on the selected reservation date.
Hotel 101-Manila achieved an average occupancy of 96. 03% in 2021 following the slow lifting of mobility restrictions.
“DoubleDragon envisions the local Filipino Hotel101 logo to suit the world class in all criteria and create employment opportunities for Filipinos living in the Philippines or abroad, and also aims to bring a dash of pride and honor to each and every Filipino around the world. world. world where it could eventually be established and operate,” the company said.
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