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Published on : Wednesday, August 23, 2017
The hotel would be equipped with 519 rooms and would also possess shopping and convention facilities in Davao City.
It had been disclosed in the Philippine Stock Exchange on Tuesday that Hotel 101-Davao City would be breaking ground in the last quarter of the year and is slated to be finished by the year 2020. It would have a total of 5,000 hotel rooms.
And, it would be the third Hotel 101-branded property going to be added to its portfolio after the existent Hotel 101 – Manila close to Mall of Asia and Hotel 101-Fort that is already under construction.
The upcoming hotel is actually a joint venture between Davao-based w2jp2 Corporation and HOA and would be rising on a 5,300-square meter prime commercial lot that is based at Eco West Drive at the side of SM City – Davao.
The hotel would sport brilliant retail facilities as well, as well as excellent infrastructure to host meetings and conventions.
Of late DoubleDragon has upgraded its 2020 goal to achieve 1.2 million square meters of leasable area with a combination of community retail leasing facility, office leasing, industrial leasing and also hotels.
Edgar Sia II who is the chairperson for DoubleDragon said that they believe that Hotel 101 has potential to emerge as the biggest and most reputed hotel chain in the area of the Philippines making a significant contribution to the recurring income of DoubleDragon.