DoubleDragon Tops Off Hotel101-Cebu Mactan Airport, Eyes Global Expansion

CEBU CITY — DoubleDragon Corporation marked a significant milestone on October 10, 2024, with the topping-off ceremony for its 548-room Hotel101-Cebu Mactan Airport, signaling the completion of the building’s structure and topmost floor.

The hotel, set to become the largest airport hotel in the Visayas and Mindanao regions, is located on a prime 5,493-square-meter lot along the Cebu Mactan Airport Terminal Road, near Mactan Marina Mall. The project, which has been fully pre-sold prior to its completion, reflects strong investor confidence in DoubleDragon’s Hotel101 brand.

“Hotel101-Cebu Mactan Airport is part of our long-term goal of reaching 1 million operating Hotel101 rooms globally by 2050, with 50,000 of those rooms located in the Philippines,” said DoubleDragon in a statement. This ambitious target is expected to cement DoubleDragon’s position as the largest hotel operator in the Philippines and one of the top five hotel companies worldwide.

The next major step for the Hotel101 brand is the expected opening of the Cebu Mactan Airport hotel in the first half of 2025, which will follow the launch of the 519-room Hotel101-Davao. Together, the two projects will add over 1,000 new rooms to the company’s hotel inventory, bringing DoubleDragon closer to its goal of becoming a top-of-mind branded hotel chain.

One of the standout features of the Hotel101 brand is its dynamic pricing model, similar to that of airline tickets. “Room prices fluctuate based on real-time supply and demand at the time of booking, offering more flexibility for travelers,” DoubleDragon explained.

The company’s unique business model also capitalizes on its asset-light strategy, which allows it to generate revenue twice—first, from the pre-selling of Hotel101 rooms, and later, through long-term recurring income from hotel operations.

DoubleDragon’s innovative approach has helped it build a diversified portfolio of hard assets, including office spaces such as the Jollibee Tower and DoubleDragon Plaza at DD Meridian Park, CityMall community centers, CentralHub warehouse complexes, and the growing Hotel101 chain.

The company’s total equity is set to exceed PHP100 billion in 2024, positioning DoubleDragon among a select group of Philippine companies with a 12-digit total equity level. This growth is expected to play a vital role in the country’s economy, with the export of Hotel101 expected to bring significant U.S. dollar inflows.

As DoubleDragon continues to expand its portfolio domestically and globally, the company is focused on making Hotel101 a truly global brand. “Our team is committed to the hard work, grit, and perseverance needed to bring pride and honor to our fellow Filipinos as we expand Hotel101 across various continents,” DoubleDragon stated.

The topping-off ceremony for Hotel101-Cebu Mactan Airport represents not only the completion of