DoubleDragon Company amends the first goal of its Resort 101 offshore subsidiary, in preparation to start its first Resort 101 challenge exterior the Philippines in 2022

February 15, 2022


Team Out of City Weblog Hub (Outoftownblog.com) – DoubleDragon Company’s (“DoubleDragon”) offshore subsidiary, Resort 101 Worldwide Non-public Restricted “(Resort 101 Worldwide)”, accomplished the change of its principal actions on Singapore’s Regulatory Authority. The modification in Singapore’s Accounting and Company Regulatory Authority (ACRA) is roofed by Receipt # ACRA220211134043 dated February 11, 2022.

The change and replace of its main and secondary actions now enable it to conduct acquisition, funding, and improvement of actual property properties and ventures, in addition to to conduct actual property gross sales, advertising, operations, and administration of the Group’s tasks exterior the Philippines. A step ahead in direction of DoubleDragon’s aspiration to export the Resort 101 model and idea globally.

Hotel 101 Manila
Resort 101 Manila

The growth could also be instantly by Resort 101 Worldwide or by means of partnerships and joint ventures with different property builders in different international locations. Given this improvement and the most recent easing of restrictions of the Covid19 pandemic, DoubleDragon expects to amass its first property for improvement in Asia by the second quarter of 2022, and launch by the second half of 2022. DoubleDragon has shortlisted websites the place Resort 101 is predicted to be patronized by native and international vacationers in addition to Filipinos who go to that nation for enterprise or leisure. The primary Resort 101 challenge exterior the Philippines can be anticipated to present Filipino buyers an opportunity to make their first offshore actual property funding with reasonably priced fee phrases for his or her hybrid condotel Resort 101 funding.

The idea patent of Resort 101’s pioneering condotel idea has already been filed. The Resort 101 trademark and domains have been secured in varied international locations of the world. The Resort 101 idea is a hybrid condotel mannequin the place all of the models or “Blissful Rooms” as they’re referred to as are an identical, thus, permitting all unit homeowners to have an equal share within the revenues of the Resort 101 property. The Resort 101 App for each Apple iOS and Android will likely be launching quickly.

The distinctive Resort 101 asset mild idea permits DoubleDragon to generate income and earnings twice, first from the pre-selling of the Blissful Rooms, then second after the challenge is constructed it generates long run recurring income from resort operations.

Resort 101-Manila in full yr 2021 achieved a mean occupancy fee of 96.03%. “The event and completion of those new Resort 101 tasks will likely be completely timed with the complete restoration and anticipated rebound within the tourism trade. We consider in a few years, all this pent up demand for tourism will trigger an unseen surge in demand for resort rooms throughout the globe,” stated DoubleDragon Chief Funding Officer Hannah Yulo-Luccini.

“We have now noticed that the US has Vacation Inn, Europe has Novotel, China has Jinjiang Inn, Malaysia has Shangri-La, Thailand has Dusit, Japan has Nikko, Singapore has Raffles, however the Philippines has none. We have now additionally noticed that in different international locations, many have a robust mindset of gearing their companies for export. Pursuing enterprise ventures, manufacturers and ideas which are geared to be exported to the 195 international locations globally is actually admirable,” stated DoubleDragon Chairman Edgar “Iniap” Sia II.

Hotel 101 Manila Happy Room
Resort 101 Manila Blissful Room

Message from the Philippine Division of Tourism Secretary Hon. Berna Romulo-Puyat;

“The Division of Tourism lauds the efforts of DoubleDragon Company to determine its Hotel101 idea because the very first homegrown international resort chain. With two icons of Philippine entrepreneurship, specifically Edgar “Injap” Sia, founding father of Mang Insal, and Tony Tan Caktiong, the founding father of Jollibee, on the helm, Hotel101 has the potential to manifest and promote the distinctive and distinctive Filipino model of service because the chain expands everywhere in the world” “By doing so, Hotel101 might very effectively function a world goodwill ambassador of the hospitality trade for the Philippines, the identical method Jollibee retailers which have made their mark for meals in varied corners of the globe,” added Philippine Division of Tourism Secretary Hon. Berna Romulo-Puyat.

“Filipinos are admired everywhere in the world for being extremely hospitable individuals. The truth is, many motels round
the world are ably dealt with by Filipino skills.

With that in thoughts, DoubleDragon believes it’s about time {that a} Filipino firm pursues that aspiration of making a homegrown Filipino resort model that’s acknowledged globally and can finally carry honor and delight to Filipinos.

We’re grateful to the DoubleDragon crew who’ve, through the years, been capable of put collectively, polish, and check the distinctive and pioneering Resort 101 hybrid condotel idea and most particularly put to life an exportable idea for the world. We’re additionally glad to have been capable of file the Resort 101 idea patent early on,” stated DoubleDragon Chairman Edgar “Injap” Sia II.

DoubleDragon is at present in 4 diversified sectors (1) Provincial Retail leasing, with its chain of CityMalls, (2) Workplace leasing with DD Meridian Park advanced in Bay Space, Pasay Metropolis, the 42-storey Jollibee Tower in Ortigas CBD, and The Skysuites Company Tower in Quezon Metropolis, (3) Motels with the chain of Resort 101 and Jinjiang Inn Philippines in addition to the at present underneath building Ascott in DD Meridian Park, and (4) Industrial Warehouse leasing with the chain of CentralHub warehouse complexes, a three way partnership with Jollibee Meals Company that the DoubleDragon plans to remodel right into a REIT by the second half of 2022. DoubleDragon’s pipeline of leasable area additionally contains Robinsons DoubleDragon Sq. workplace towers which is a three way partnership between Robinsons Land and DoubleDragon situated in Libis, Quezon Metropolis.

HOTEL 101 GROUP
HOTEL 101 GROUP

DoubleDragon at present has 6,165 resort rooms in its nationwide portfolio which are operational, underneath building, and about to launch resort tasks throughout its manufacturers Resort 101, Jinjiang Inn Philippines, and Ascott-DD Meridian Park.

“The aspiration to develop Resort 101 exterior the Philippines has been there since earlier than however was additional delayed by the Covid 19 pandemic. Now that the borders have opened up and the Covid19 pandemic seems to be certain to finish, we consider the weather are already there to lastly put ahead this aspiration of DoubleDragon to create a worldwide Filipino resort model that each Filipino could be happy with, similar to the delight that we really feel once we see a Jollibee retailer in different components of the world,” added Mr. Sia.

“Our entire crew will proceed to be relentless in our pursuit to make all of the enterprise models and types underneath DoubleDragon and MerryMart a well-loved family model serving effectively all its stakeholders and for each to develop into a serious contributor to our financial system within the years to come back,” stated Mr. Sia in closing.

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