By Manila Bulletin Newsroom
Published Jun 22, 2026 10:08 am
DoubleDragon Corp., the real estate venture of tycoons Tony Tan Caktiong and Edgar Sia II, is set to open the largest hotel in Mindanao, Hotel101-Davao, on July 30, 2026.
In a disclosure to the Philippine Stock Exchange (PSE), the firm stated that the new hotel will have a total of 519 rooms. Hotel101-Davao is located on a prime 5,384-square-meter property along Eco West Drive in Davao City, just a one-minute walk from SM City Ecoland Davao.
The hotel's facilities and amenities will include a concessionaire-operated, all-day dining HBNB Kitchen, a fitness gym, a full-size swimming pool, function and conference rooms, and a helipad.
DoubleDragon noted that the domestic and international expansions of Hotel101 align with Hotel101 Global’s vision of building one million uniform Hotel101 rooms across 100 countries. This strategy relies heavily on licensing its unique and novel "HBNB" business model, which provides a long-term, recurring revenue stream.
The company reported that its local properties, the 518-room Hotel101-Manila and the 606-room Hotel101-Fort, continue to operate at consistently high occupancy levels.
Meanwhile, Hotel101-Madrid—the brand's first property outside the Philippines—opened last March 2026 with record performance, underscoring its accelerating momentum and exceptionally strong market demand.
As recently disclosed, Hotel101-Madrid achieved a record single-day performance with 100 percent occupancy across its 680 rooms. This milestone demonstrates robust demand for the property and highlights its potential to generate substantial recurring revenue.
The property achieved a single-day revenue milestone of more than €100,000, which is expected to translate into sizable annual recurring revenues. Management noted that this further validates the success of the company’s asset-light, prop-tech hospitality model and its sharp focus on long-term revenue generation across the Hotel101 global portfolio.
Following the Madrid expansion, Hotel101 will begin generating recurring revenue in Japanese Yen from the 482-room Hotel101-Niseko in Hokkaido, Japan, which is slated to open in December 2026.
The year 2026 will mark the company's highest number of room openings in a single year. A total of 2,229 additional hotel rooms are scheduled to become operational this year, including the 680 rooms in Madrid, Spain; 519 rooms in Davao; 548 rooms in Cebu; and 482 rooms in Niseko, Japan. (James A. Loyola)
