Hotel 101-Fort, developed by DoubleDragon Corp., is gearing up to become the largest hotel in Bonifacio Global City (BGC), ready to welcome guests in just a month. With the easing of mobility restrictions and the resurgence of tourism activities, the opening of Hotel 101-Fort signifies a positive step towards revitalizing the hospitality industry. Boasting an impressive number of rooms and a range of top-notch amenities, the hotel aims to provide a memorable and comfortable experience for its guests.
An Overview of Hotel 101-Fort
Hotel 101-Fort, a 33-level establishment, features a total of 606 rooms and five basement levels dedicated to parking. The hotel offers a wide array of facilities and amenities to cater to the needs of its guests. These include a restaurant, convenience store, gym, swimming pool, and conference meeting rooms. Hotel101 Global Pte. Ltd., a subsidiary of DoubleDragon, has partnered with Germany-based Emma—The Sleep Company to provide mattresses for the hotel. This collaboration extends to all upcoming projects of Hotel101, ensuring a consistent standard of comfort and quality across their properties.
Global Expansion Plans
In addition to the opening of Hotel 101-Fort, DoubleDragon’s hotel subsidiary has set its sights on international expansion. The company aims to establish its presence in various countries, including Japan, Spain, and the United States. These initial projects will act as stepping stones for Hotel101’s global ambitions, with plans to transcend beyond the first three countries and become a truly unique and globally recognized brand. The company envisions its business concept being replicated in over 100 countries.
DoubleDragon’s Strategic Outlook
DoubleDragon is not only focusing on international expansion but also has ambitious plans for growth within the United States. The company aims to establish a presence in 10 different states by 2026, recognizing the US market as a significant opportunity for their hotel chains. Moreover, DoubleDragon is exploring expansion opportunities in other countries such as the United Kingdom, United Arab Emirates, India, Thailand, Malaysia, Vietnam, Indonesia, Saudi Arabia, Singapore, Cambodia, Bangladesh, Mexico, South Korea, Australia, Canada, Switzerland, Turkey, Italy, Germany, France, and China.
Financial Performance and Future Prospects
During the first quarter, DoubleDragon reported a net income growth of 10.83 percent, reaching P520.09 million, while consolidated revenues saw a marginal increase of 0.06 percent, totaling P1.72 billion. These positive financial results reflect the company’s commitment to strengthening its position in preparation for the anticipated economic recovery following a major crisis.
The imminent opening of Hotel 101-Fort in BGC signals a positive turning point for the hospitality industry in the region. With its impressive scale, luxurious amenities, and commitment to guest comfort, Hotel 101-Fort aims to provide a memorable stay for its visitors. Furthermore, DoubleDragon’s global expansion plans demonstrate the company’s ambition to establish itself as a leading player in the international hotel market. As the world moves towards economic recovery, DoubleDragon is well-positioned to seize the opportunities presented by the growing demand for travel and tourism worldwide.