Injap Sia brings Hotel 101 to Davao
A subsidiary of DoubleDragon Properties Corp. has entered into a partnership with Davao-based W2JP2 Corp. to build a hotel under the brand Hotel 101 in Davao City.
The 159-room Hotel 101-Davao, which will rise on a 5,300 square meter prime lot near SM City Davao, will be the largest hotel in Mindanao with 519 hotel rooms, a commercial and retail strip, and function rooms.
Construction of the project will start in the last quarter of the year with target completion expected by 2020.
This new branch is in line with its goal to boost its hotel room portfolio to 5,000 by 2020.
Hotel 101-Davao is an addition to Hotel 101-Manila near Mall of Asia, and Hotel 101-Fort which is already under construction.
?We envision Hotel 101 to become the largest and most recognized hotel chain in the Philippines, significantly contributing to the recurring income of DoubleDragon, and at the same time providing the market with an innovative, safe and secure investment platform,? said DoubleDragon chairman Edgar Injap Sia II.