DD launches Singapore hub
The listed firm informed the stock exchange that the property will serve as a hub for the company members across different countries as they aim to expand the Hotel101 Unique and Asset-Light business model globally
Daily TribuneThe listed firm informed the stock exchange that the property will serve as a hub for the company members across different countries as they aim to expand the Hotel101 Unique and Asset-Light business model globally
DoubleDragon Corp., a real estate company led by tycoons Edgar "Injap" Sia II and Tony Tan Caktiong, formally kicked off the operations of both its Global Corporate Office and Global Sales Hub in Singapore on Tuesday.
The listed firm informed the stock exchange that the property will serve as a hub for the company members across different countries as they aim to expand the Hotel101 Unique and Asset-Light business model globally.
Signature HappyRoom
The Hotel101 Global Sales Hub in Singapore boasts the newest version of Hotel101's signature 21 square meters HappyRoom equipped with worldwide standard features such as the Queen bed and Single bed using Emma Sleep mattresses.
It also utilizes IOT (Internet of Things) App operable smart lighting using one single type of bulb, 55 inches smart TV, a work desk, universal power outlets, electronic device charger ports, a kitchenette with refrigerator and microwave, and an ensuite modern prefabricated bathroom.
'Banig'
For its signature look, Hotel101 has chosen the "banig" — the traditional handwoven mat of the Philippines 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," Sia II said.
"Eventually, when you stay in any Hotel101, no matter what country you are in, for the first time you will know exactly what to expect," he added.
Offshore Hotel 101
DoubleDragon is targeting for its local portfolio to fully mature and reach its optimal revenue generation level by 2025. Within the same year, the company seeks to gain a significant market grip for its Offshore Hotel101 Global portfolio.
Sia reiterated that the company is future-proofing its operations so it can keep up with the changing global landscape.
"We deem it imperative that the only way to future-proof itself is to passionately pursue the target of DoubleDragon's revenues to be derived from geographically diversified sources, that eventually over the long term, we aim that no single country will contribute over 10 percent of DD's revenue and income," he said.
