Keeping an eye on international markets, the listed property venture between bigwigs Injap Sia and Tony Tan Caktiong is setting up its maiden overseas hotel branch in the most popular ski resort destination of Japan.
In a stock exchange filing, DoubleDragon Properties said its subsidiaries DDPC Worldwide Pte. Ltd. and Hotel101 Worldwide Private Ltd. signed a deal to acquire 9,000 square meters of prime land for its first overseas Hotel101 development located in Hokkaido Prefecture, Japan.
The hotel is expected to be patronized by local domestic travelers in Japan and foreign tourists from from other countries as well as Filipino travelers who visit Hokkaido for leisure as the site is accessible for Filipino travelers via just few hours of flight from Manila to Sapporo New Chitose Airport.
Niseko is internationally renowned for consistently delivering good falls of light powder snow and a long ski season that stretches from late November until early May.
DoubleDragon said the concept patent of Hotel101’s pioneering condotel concept has already been filed while Hotel101 trademark and domains have been secured in various countries.
The Hotel101 concept allows DoubleDragon to generate revenue and income twice, first from the pre-selling of the Happy Room units, then second after the project is constructed it generates long term recurring revenue from hotel operations.
Hotel101-Manila achieved an average occupancy rate of 96.03 percent last year.
DoubleDragon envisions the homegrown Filipino Hotel101 brand to become world-class in all standards and create job opportunities to Filipinos who reside in the Philippines or abroad and also aims to bring a pinch of pride and honor to each and every Filipino from anywhere around the world where it may eventually locate and operate.