BIZ BUZZ: Hotel101 to alter Roxas Boulevard skyline

The entire stretch of Roxas Boulevard, which spans 7.6 kilometers and passes through three cities, is already brimming with cultural, government and corporate buildings.

It should be no surprise, then, that another would soon rise.

But it won’t be just another building: DoubleDragon Corp. actually plans on making its new hotel the largest along Roxas Boulevard.

On Monday, the developer unveiled its newest Hotel101 project that will house 700 rooms on a 1,790-square-meter commercial land. Based on the map, it will be the newest neighbor of SMDC’s Breeze Residences.

Standing 34 stories tall, Hotel101-Roxas Boulevard is expected to generate P5.25 billion in condotel sales revenues. Construction will start in the second half.

DoubleDragon’s newest offering won’t be all for naught. According to the property venture of tycoons Edgar “Injap” Sia II and Tony Tan Caktiong, it will, naturally, form part of Hotel101 Global’s goal of operating 1 million hotel rooms across the world.

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Hotel101-Roxas Boulevard will add to that number by 2028.

This is all happening as Hotel101 is pursuing its debut on the tech-heavy Nasdaq composite this year.

With a challenged property market, we’re hoping that DoubleDragon will unlock rich values from this new project, and not just add to the unsold condo inventory in Metro Manila.