The property developer controlled by billionaires Edgar “Injap” Sia II and Tony Tancaktiong reported total revenues of P27.91 billion for full-year 2025, up 56.3 percent from P17.86 billion a year earlier. The P10.05 billion increase was driven primarily by fresh revenues from international operations, according to the company.
Internal occupancy updates showed all 680 rooms were fully booked for two straight days, with management noting that the property had gradually climbed from around 70 percent occupancy weeks ago to 80 percent and then 90 percent before hitting full capacity. The company said nearly all guests since the property’s March opening have been non-Filipino travelers.
DoubleDragon Corp., led by tycoons Edgar “Injap” Sia II and Tony Tan Caktiong, has launched a mandatory tender offer for minority shareholders of MerryMart Consumer Corp. as the Injap Sia-led group pushes deeper into grocery, pharmacy and essential retail.
The results come as office landlords continue to navigate changing workplace demand and investor concerns over the long-term impact of artificial intelligence on traditional office tenants, particularly business process outsourcing firms.
DoubleDragon Corp.’s Hotel101 Global is off to a strong start in Europe, with its 680-room Hotel101-Madrid quickly generating bookings and early revenues.
Property developer DoubleDragon Corp. is set to open Hotel101 Niseko in Japan alongside a wave of domestic launches following its Madrid debut, as it heads into its biggest year of expansion.
At the center of this push is subsidiary Hotel101 Global Holdings Corp., which disclosed on Nasdaq that it has taken the next step toward a $300-million Series A perpetual preferred share offering in the US.
Alsons Development and Investment Corp. (Alsons Dev) and DoubleDragon Properties Corp. have begun construction of CentralHub Davao, marking the first CentralHub industrial warehouse complex in Mindanao as logistics demand across the Philippines continues to expand.
A Filipino hotel brand is making its international debut as the 680-room Hotel101-Madrid opens to the public today, marking the first overseas operation for the homegrown hospitality concept.