DoubleDragon Properties Corp., its subsidiary Hotel of Asia Inc. and Newcoast South Beach Inc. are laying out the groundwork for the joint development of a 1,001-room beachfront hotel in the resort island of Boracay in the Philippines.
Hotel101 Resort-Boracay is billed to become the biggest hotel in the country in terms of number of rooms it will have, with the trio planning to develop the property on a two-hectare site within the premises of the 150-hectare Boracay Newcoast estate owned by Megaworld Corp. unit Global-Estate Resorts Inc.
The hotel will feature rooms with balconies, retail and dining elements, a business center, and meeting rooms, among other amenities, according to a release.
The project will be DoubleDragon's fourth development under its Hotel101 brand, following establishments in Manila, Taguig and Davao City. The company is targeting to have a total of 5,000 hotel rooms for the portfolio by 2020.
