Filipino homegrown hotel expands in Japan

Homegrown DoubleDragon Corporation’s Hotel 101 is setting the bar high with its expansion in Niseko Hokkaido, Japan, the first Filipino hotel chain to scale up its operations outside the country.

Mang Inasal founder and DoubleDragon Corp. chairman Edgar Injap Sia II and co-chairman Tony Tan Caktiong led the groundbreaking of the 1.17-hectare Hotel101-Niseko with Niseko Mayor Kenya Katayama and Kutchan Hokkaido Mayor Kazushi Monji on 26 August. The ceremony also signaled the start of the construction of the 482-room property.

Hotel 101–Niseko will be one of the most significant value hotels in Niseko, encompassing 482 signature HappyRooms offering comfort, convenience and accessibility to all types of travelers. The upcoming development sits on a sprawling 1.17-hectare property in Hokkaido Prefecture, Japan, and is expected to be patronized by Japanese travelers and foreign tourists. The extension of the Shinkansen bullet train to Niseko and Sapporo will further improve access to the region which is also reportedly in the running to host the 2030 Winter Olympics.

Perspective of Hotel 101-Niseko Hokkaido, Japan.

Iwata Chizaki, Inc., one of the largest contractors in Japan and the same contractor who built the Chitose International Airport in Sapporo, Hokkaido Japan, will helm Hotel101-Niseko.

Hotel 101 projects in Madrid, Spain and California, USA, will follow suit.

By 2026, Hotel 101 Global targets to expand in United Kingdom, UAE, India, Thailand, Malaysia, Vietnam, Indonesia, Saudi Arabia, Singapore, Cambodia, Bangladesh, Mexico, South Korea, Australia, Canada, Switzerland, Turkey, Italy, Germany, France, and China.

DoubleDragon Corporation and Hotel 101 Global Pte Ltd team led by DoubleDragon chairman Edgar Injap Sia II, DoubleDragon co-chairman Tony Tan Caktiong, Hotel 101 global chief executive officer Hannah Yulo-Luccini with the team members of the project contractor Iwata Chizaki Inc., team members of the construction manager EGW Asset Management and team members of the project master sales group H2 Christies. | PHOTOGRAPHS COURTESY OF DoubleDragon

DoubleDragon Corporation has accumulated a completed recurring income portfolio of over 1.2 million square meters in diversified hard assets in office leasing with its Jollibee Tower, DD Meridian Park complex, its string of CityMall community centers, its series of CentralHub industrial warehouse complexes, its series of Hotel 101 projects in the Philippines and overseas.

As of 30 June, DoubleDragon’s total equity stands at P81.64 billion and total cash position stands at P6.54 billion. The company has recently been upgraded to the highest PhilRatings PRS Triple A Credit Rating.

DoubleDragon targets listing its subsidiary Hotel 101 Global at the NASDAQ (US Stock Exchange) given that Hotel 101 Global is expected to ultimately derive over 95 percent of its revenues outside of the Philippines.