DoubleDragon Corp. reported a 43.72 percent surge in first-half net income to P2.37 billion, fueled by strong revenue growth and the global momentum of its Hotel101 brand.

In a stock exchange report on Friday, the listed property developer said consolidated revenues for the period rose 58.29 percent to P6.95 billion.

To sustain growth, DoubleDragon said it will continue to leverage its Hotel101 brand, which it described as “highly portable and exportable to multiple continents.” 

Hotel101 aims to build one million rooms in more than 100 countries. Its first overseas project, Hotel101 Madrid in Spain, is under development.

DoubleDragon has reached 1.5 million square meters of completed recurring revenue assets across prime locations in Luzon, Visayas, and Mindanao, as well as overseas through subsidiary Hotel101 Global. 

It is currently expanding its CentralHub’s industrial warehouse portfolio towards its P24.8-billion target and plans to list the first industrial real estate investment trust.