Injap Sia’s Hotel 101 all set for international expansion, closes land acquisition deal in Japan

Homegrown Filipino Hotel101 of bilyonaryo Injap Sia’s DoubleDragon Properties is all set to conquer Japan as it wrapped up the acquisition of a 9,000-square meter property there.

DoubleDragon said subsidiaries DDPC Worldwide Pte Ltd and Hotel 101 Worldwide Pte Ltd have executed the full payment for the acquisition of the prime land located in Japan’s Hokkaido Prefecture.

The lot will be the site of the company’s first international Hotel 101 development.

“DoubleDragon is set to jumpstart its homegrown hybrid condotel brand and concept Hotel101 to become a global Filipino brand. Wouldn’t it be great for all of us to eventually be able to see and actually check-in a truly Filipino hotel brand in over 100 countries around the world?” Sia said.

The upcoming Hotel 101-Niseko will have about 518 rooms that will cater to local domestic travelers in Japan, as well as foreign tourists from other countries.

DoubleDragon is eyeing P8.1 billion in hybrid condotel pre-selling sales revenue from its first overseas Hotel 101 project.

The Hotel 101 concept, which caters to the mid-end market, allows DoubleDragon to generate revenue and income twice, first from the pre-selling of the condotel units, then second after the project is constructed it generates long term recurring revenue from hotel operations.

Last year, Hotel 101-Manila achieved an average occupancy rate of 96.03 percent.

The company envisions the Hotel 101 brand to become world-class in all standards and create job opportunities to Filipinos who reside in the Philippines or abroad. It also aims to bring pride and honor to each and every Filipino from anywhere around the world where it may eventually locate and operate.

“Other countries have their homegrown hotel brand exported to other parts of the world, but the Philippines as of now do not have any. There is just no reason why it shouldn’t, since the Filipinos are known to be hospitable people. We strongly believe that Filipinos have what it takes to export their own Filipino brand all over the World too. Yes the Filipino can!” Sia said.