The Philippine Competition Commission has cleared DoubleDragon Corp.’s planned entry into retail, approving its acquisition of a 35 percent stake in affiliate MerryMart Consumer Corp.
Hotel101 Global Holdings Corp., a subsidiary of DoubleDragon Corp., is planning its first major capital raise since listing in the United States, targeting up to $300 million (about P17.7 billion) through a proposed issuance of perpetual convertible preferred shares.
Hotel101 Global Holdings Corp. said it signed binding agreements to develop a 766-room hotel in Melbourne’s central business district, one of its biggest projects to date.
DoubleDragon Corp., the property giant backed by tycoons Edgar “Injap” Sia II and Tony Tan Caktiong, is entering a turning point in its growth as it moves decisively into the next decade of expansion.
Hotel101 Global Holdings Corp., the asset-light hospitality arm of DoubleDragon Corporation, has topped off its 482-room Hotel101-Niseko development in Hirafu, Niseko, Hokkaido, Japan, marking completion of the building’s main structure and keeping the project on track for a December 2026 opening.
The Milan project marks Hotel101’s second planned site in Europe, after Madrid, and advances DoubleDragon’s ambition to scale its “condotel” format to one million rooms across one hundred countries. The group positions Hotel101 as an asset-light, tech-enabled hospitality platform that earns first from pre-selling individual hotel units and later from recurring hotel operations.
DoubleDragon Corp., led by tycoons Edgar “Injap” Sia II and Tony Tan Caktiong, booked P10.50 billion in consolidated revenue for the first nine months of 2025, lifted by a sharp rebound in real estate sales that offset heavier expenses and rising finance costs.
DoubleDragon Corp., the property giant backed by tycoons Edgar “Injap” Sia II and Tony Tan Caktiong, is closing its P10.9-billion “Double-Seven” peso retail bond sale at 5:00 p.m. today amid strong demand.