Boracay’s biggest eco-friendly hotel to rise in Boracay newcoast Hotel 101

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Manila, Philippines 01 February 2018 – Hotel 101 Resort – Boracay will soon rise on the beachfront of Boracay Newcoast featuring 1,001-rooms and is expected to become the biggest hotel in the Philippines in terms of room count. The project will sit on a two-hectare property on the beachfront cove and support environmentally friendly operations and sustainable tourism.

Hotel 101 Resort-Boracay is a joint venture project of Hotel of Asia Inc, a subsidiary of DoubleDragon Properties Corp., a property company led by Mang Inasal Founder and DoubleDragon Chairman Edgar Injap Sia II and Jollibee Founder and DoubleDragon Co-Chairman Tony Tan Caktiong, and Newcoast South Beach, Inc. led by its Chairman Enrique Gonzalez.

Boracay Newcoast is a 150-hectare tourism estate of Megaworld’s subsidiary, Global-Estate Resorts, Inc. As a masterplanned tourism estate development, Boracay Newcoast is envisioned to become the new side of Boracay as it hosts its own commercial, retail and boutique hotel districts, residential condominiums, residential villages, hotels and resorts, surrounded by its own golf course. The development is also a model of sustainability in the island as it incorporates green initiatives such as the use of electric jeepneys, solarpowered streetlamps, flood-free drainage systems, implementation of its own waste segregation program and having its own Material Recovery Facility (MRF) for waste recycling, and having its own Sewage Treatment Plant (STP) that converts used water for irrigation and fire reserve.

“Our group is proud to be working with DoubleDragon to launch the biggest green hotel in the Philippines. Boracay enjoys global popularity and the upgrading of Caticlan airport provides favorable macros. We are one of the best beach front properties within the best master-planned development on the island, located on one of the best beaches in the world. As the maxim goes, it is location, location, location,” says Gonzalez, chairman, Newcoast South Beach, Inc.

Kevin Tan, executive director of Alliance Global and SVP of Megaworld added: “This new development by Hotel 101 Resort – Boracay group will become a major provider of comfort and convenience for tourists visiting Boracay. Their eco-friendly hotel blends well with Boracay Newcoast’s sustainable development model. This will further enhance the island’s proposition for the domestic and global tourist market.”

Edgar “Injap” Sia II, Chairman of DoubleDragon says, “This new eco-friendly greenergized hotel project in Boracay puts forward our grand vision to be a major player in the hotel and resorts industry in the country. It will certainly boost DoubleDragon’s recurring revenues through years and will also significantly help generate economic benefits to the people of Boracay as well as contribute to pump-prime further the world-class reputation of the Island and the Philippines as a tourist destination.”

“We envision Hotel 101 to become the largest and most recognized hotel chain in the Philippines, significantly contributing to the recurring income of DoubleDragon, and at the same time providing the market with an innovative, safe and secure investment platform,” added DoubleDragon Chairman Edgar Injap Sia II.

Hotel 101 Resort – Boracay will have top amenities such as room suites with balcony, expansive retail and food and beverage offerings, pool and outdoor deck, a business center, meeting rooms and function hall. The project will adopt sustainable best practices from design to implementation and adopt sustainable practices to reduce and reuse energy, waste and water. Specific areas of Hotel 101 Resort -Boracay will also be powered by solar panels and will be equipped with a rainwater harvesting system and is expected to be a LEED (Leadership in Energy and Environment Design) certified development. This new green ecofriendly project in Boracay will be the fourth development under Hotel101 brand after similar groundbreaking undertakings in Manila, Fort Taguig and Davao City. Hotel 101 is a hotel brand of DoubleDragon which aims to have a total of 5,000 hotel rooms in its portfolio by 2020.

DoubleDragon’s four pillars of growth continues to strengthen in provincial retail leasing, office leasing, industrial leasing and hospitality which will provide the Company with a diversified source of recurring revenues backed by a string of appreciating hard assets.