DoubleDragon Corp. on Tuesday said its unit Hotel101 Global Pte. Ltd. has opened its global corporate office and global sales hub in Singapore.
DoubleDragon has purchased a prime office space located at the 4th floor of PLUS Building, 20 Cecil Street in Raffles Place in Singapore for Hotel101 global corporate office. The global sales hub is also located in the same building at the Ground Floor of PLUS Building.
The Hotel101 Global Sales Hub in Singapore has the newest version of Hotel101’s signature 21-square meter HappyRoom equipped with its standard features, such as the queen bed and single bed using Emma Sleep mattresses, and internet of things app.
For its signature look, Hotel101 has chosen the banig, the traditional handwoven mat of the Philippines. Banigs are where Filipino families would gather, form lasting bonds and shape memories.
“If there is one hotel chain that can optimize the use of modern technology in the global hospitality space, we believe it will be Hotel101, given its pioneering standardized signature 21 sqm HappyRooms and asset-light concept globally,” DoubleDragon Chairman Edgar Sia II said.
“The Hotel101 global corporate office functions as the hub for our team members that are based in different countries as we form the right mix of experienced team members that will efficiently lead the expansion of the Hotel101 unique and asset-light business model simultaneously in various countries,” Hotel101 Global CEO Hannah Yulo-Luccini added.
The company said Hotel101’s hybrid condotel business model comes with having only one type of room unit type across its global ecosystem making it “extraordinarily efficient” to build and operate. The Hotel101 concept also allows it to expand and create the uniform worldwide inventory through direct development, joint venture and licensing.
Hotel101’s asset-light concept allows DoubleDragon to generate revenue and income twice—first from the preselling of the condotel units, and then after the project is constructed, it generates long-term recurring revenue from the enrolled units in operating the hotel.
Its rooms are intended to be typical or similar in size and look catering to the mid-end market.
The concept patent of Hotel101’s pioneering condotel concept has already been filed and the Hotel101 trademark and country specific domains have been secured in various countries globally.
The first three overseas Hotel101 projects will be in Niseko Hokkaido Japan, Madrid in Spain and in California in the United States.
The target under the near-term expansion roadmap for Hotel101 is to be in 25 countries by 2026, including Japan, Spain, US, United Kingdom, United Arab Emirates, India, Thailand, Malaysia, Vietnam, Indonesia, Saudi Arabia, Singapore, Cambodia, Bangladesh, and Mexico.