Developer increases leasable space with new hotel
Property development firm DoubleDragon Properties expects to raise its profile in the industry with Hotel 101Fort that will increase its total prime leasable space to 1.2 million square meters by 2020.
DoubleDragon chief investment officer Hannah Yulo said the company’s latest development, to be managed by hospitality subsidiary Hotel of Asia, Inc., occupies a 1,224-sqm lot and has 28 floors of hotel rooms. The hotel will have a total of 609 rooms, all offering privacy and security. The property’s five basements have 179 parking slots.
A three-level podium offers commercial areas on the ground and second floors for specialty retail shops and restaurants. On the third floor are well-designed amenities that offer convenience and comfort, such as the gym and pool.
Each room is carefully crafted and planned for efficiency, including maximized ceiling heights, well-distributed light courts, large low-E double glazed windows, hallway clearances and natural ventilation.
The property also incorporates barrier-free designs for ramps, handrails and toilets, making it easily accessible for people with disabilities (PWD).
The developer intends to increase its total number of hotel rooms to 5,000 by 2020, under the brands Hotel 101 and Jinjiang Inn.
Another target for 2020 is CentralHub Industrial Centers, Inc., an industrial leasing subsidiary offering standardized multi-use warehouses for commissaries, logistics, and cold storage facilities. Through CentralHub, the company is targeting to offer initially 100,000 sqm of industrial space for lease by 2020, with 30,000 sqm to be located in Tarlac and the rest spread out to other parts of the country.
For its network of nationwide community malls under the CityMall brand, DoubleDragon expects to build 100 malls in provincial areas with close to 700,000 sqm of leasable space.
DoubleDragon’s Metro Manila office leasing portfolio includes the DD Meridian Park in the Bay Area, the first phase of which is now complete, and the 41-storey Jollibee Tower in Ortigas, set for completion by end of 2018.