DoubleDragon Corp. reported stronger first-half earnings as recurring operating revenues continued to replace fair value gains, reflecting the property developer's transition toward a more stable earnings base. The company said core revenue and core profit growth accelerated during the period as more investment properties began contributing recurring income.
DoubleDragon Corp.’s first overseas Hotel101 is off to a strong start, giving the company early momentum as it expands the Filipino hotel brand beyond the Philippines.
DoubleDragon Corp. is planning to launch a S$300 million (P14.3 billion) Singapore-listed hospitality REIT as it builds a long-term funding platform for the global expansion of its Hotel101 brand.
Located within Robinsons Bridgetowne Estate and a short walk from Robinsons Opus Mall, Hotel101-Libis is expected to become the largest hotel in Quezon City once operational. The project will also strengthen the Hotel101 Global network as the company works toward its vision of 50,000 uniform Hotel101 rooms in the Philippines and 1 million rooms worldwide.
DoubleDragon Corp., backed by tycoons Edgar “Injap” Sia II and Tony Tan Caktiong, is closing in on another international milestone, with its 482-room Hotel101-Niseko entering the final stretch of construction ahead of its planned December 2026 opening.
Hotel101 Global is expanding deeper into Southeast Asia after signing a binding agreement to build what is expected to become one of Bangkok’s three largest hotels by room count.
Listed retail firm MerryMart Consumer Corp. shareholders have overwhelmingly backed DoubleDragon Corp.’s (DD) plan to absorb the retailer, clearing the way for its exit from the stock market less than six years after its initial public offering.
The company disclosed that the 680-room Hotel101-Madrid reached 100 percent occupancy on June 10, its third month since opening on March 10, with all rooms sold out before the close of the day. The hotel has also recorded several full-occupancy performances in recent weeks, reflecting sustained demand for the property.
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.