DoubleDragon Corporation has announced a major milestone in its property portfolio, having completed 1.5 million square meters of recurring revenue-generating hard assets.

The achievement was marked by the recent completion of a fully pre-leased 5-hectare CentralHub warehouse complex in Cebu.

The CentralHub project, a joint venture between DoubleDragon and Jollibee Foods Corporation, is a cornerstone in the development of an ambitious P24.8 billion leasing portfolio.

On track

With its portfolio already boasting the largest commissary and distribution center for Jollibee Foods in Laguna, the enterprise is on track to list the Philippines’ first industrial Real Estate Investment Trust (REIT).

In a statement released earlier this month, DoubleDragon highlighted its strong balance sheet and healthy liquidity. Total equity as of 31 March 2025, reached P102.1 billion, and the company reported a Net Debt-to-Equity ratio of just 0.76x — one of the lowest among its peers listed in the Philippines.

These figures come on the heels of the historic NASDAQ listing of its subsidiary Hotel101 Global, a landmark moment as it became the first Filipino-owned company to trade on the US exchange.

This achievement is a critical step toward Hotel101 Global’s vision of operating 1 million rooms across 100 countries.

Over the past decade, DoubleDragon’s strategic expansion has been driven by diversified investments spanning across provincial community malls, office buildings in Metro Manila, hotels both locally and overseas, and warehouse complexes across the archipelago.

Extensive portfolio

The company’s extensive portfolio, which also includes overseas assets through Hotel101 Global, is built on a foundation of carefully titled investment properties located in strategic urban and provincial centers across Luzon, Visayas, Mindanao — and even in international markets.

Industry analysts have taken note of DoubleDragon’s robust asset base and innovative business model.

The company’s distinctive Hotel101 brand, noted for its asset-light and highly exportable model, is poised to generate significant US dollar inflows to the Philippine economy while elevating the profile of Filipino hospitality on the global stage.

International expansion

Hotel101 Global is already setting its sights on international expansion with its first overseas project in Madrid, Spain, and plans to enter 25 countries within the next three years.

Backing this expansive growth are the firm’s principal shareholders, Injap Investments Inc. led by Mang Inasal founder Edgar Injap Sia II and Honeystar Holdings Corp, headed by Jollibee founder Tony Tan Caktiong. Their support has been instrumental in fueling DoubleDragon’s drive towards a fully matured nationwide portfolio — which is expected to culminate by the end of 2025.

With a credit rating of PRS Aaa (Triple A) from Philippine Rating Services Corporation, DoubleDragon stands as one of the few companies in the country to maintain such a high level of financial integrity.

As it continues its dynamic growth strategy, the company not only cements its position as a leader in the local market but also sets a promising benchmark for future industrial and hospitality developments on a global scale.