August 21, 2025 | 12:00am
MANILA, Philippines — DoubleDragon Corp. subsidiary Hotel101 International Pte. Ltd., the primary Filipino-owned firm to be listed on the US Nasdaq, is poised to make its entry into Cambodia as a part of its aggressive world enlargement.
DoubleDragon mentioned that Hotel101 International entered into definitive agreements with Cover Sands Growth Co. Ltd. to develop two Hotel101 tasks in Cambodia.
The 2 Hotel101 tasks in Cambodia are anticipated to be among the many largest accommodations within the nation by variety of rooms upon completion by 2028.
DoubleDragon mentioned the association with Cover Sands Growth would additionally allow Hotel101 to navigate the native panorama properly and make the most of its present native gross sales community in Cambodia.
“The landmark developments, the primary to be positioned in Phnom Penh, the capital and industrial hub of Cambodia, and the second to be positioned at Bay of Lights in Sihanoukville, a burgeoning monetary and tourism beacon, mark a pivotal step in Hotel101 International’s long-term imaginative and prescient to function a million resort rooms throughout 100 international locations,” DoubleDragon mentioned.
Hotel101–Phnom Penh will rise on a 2,033 sq. meters of prime industrial land positioned within the Tonlé Bassac district of Phnom Penh, a vibrant riverfront financial and cultural hub.
The venture, which could have a capability of roughly 700 rooms, is predicted to boost the present hospitality providing which might be already working in Phnom Penh, which embody world manufacturers comparable to Hyatt, Rosewood, Shangri-La and Raffles.
The opposite venture is Hotel101–Sihanoukville, which is about to rise on a 4,623 sq. meters of prime industrial land throughout the 934-hectare masterplanned coastal growth led by Cover Sands Growth in Sihanoukville.
Hotel101–Sihanoukville will function about 680 rooms.
DoubleDragon expects to generate $109.55 million or P6.3 billion in gross sales income from the 2 Hotel101 tasks in Cambodia as soon as totally offered.
The tasks are anticipated to contribute to Cambodia’s financial progress by means of job creation, overseas funding and elevated tourism, whereas attracting each native and worldwide consumers underneath Hotel101’s hassle- free resort unit possession mannequin.
Hotel101 is predicted to additional elevate the globally famend Filipino model of hospitality to every of the nation the place it will definitely operates.
The corporate us at present on the ramp up towards constructing extra Hotel101 developments according to its imaginative and prescient of 1 million rooms in 100 international locations worldwide.