Upcoming Hotel101 Global Listing in the US Nasdaq to Further Strengthen DoubleDragon's Balance Sheet

DoubleDragon's total assets increased to P191.29 Billion in the first six months ending June 30, 2024. Total Equity increased to P95.15 Billion in the first six months ending June 30, 2024 making DoubleDragon on track to exceed P100 Billion in Total Equity for the first time in 2024.

DoubleDragon happens to be one of the very few companies that has not only positioned a diversified hard asset portfolio spread out across the Philippines, but it also happens to be one of the very few that has organically developed a novel asset-light concept and highly unique business model in Hotel101 (HBnB) that is portable and exportable to other continents globally. The export of Hotel101 is expected to eventually become one of the major US Dollar inflow generator to the Philippine economy.

DoubleDragon’s nationwide Philippine portfolio of titled hard assets footprint strategically located in Luzon, Visayas and Mindanao, is expected to fully mature by 2025 and expected to exceed over P250 Billion asset value by 2030 (excluding DoubleDragon’s overseas asset portfolio).

DoubleDragon has already completed over a portfolio of over 1.3 million square meters GFA positioned strategically in various parts of Luzon, Visayas and Mindanao and only in select sunrise real estate sectors of provincial retail leasing with its string of CityMall community centers, its office buildings in DD Meridian Park complex in Bay Area Pasay and the 42-storey Jollibee Tower in Ortigas CBD, its string of CentralHub warehouse complexes, and its string of Hotel101 hotels in the Philippines and overseas.

DoubleDragon Corporation is chaired and co-chaired by two Filipino entrepreneurs — Mang Inasal Founder, Edgar “Injap” Sia II and Jollibee Founder, Tony Tan Caktiong.