DoubleDragon Corporation, a company listed on the Philippine Stock Exchange, held a special ceremony on July 17, 2026, to mark an important construction milestone for its Hotel101-Libis project. The event, called a “Topping Off” ceremony, celebrates the completion of the building’s structure and topmost floor.
What is Hotel101-Libis?
Think of it like building with blocks – when you finally place the last block on top, that’s similar to what a “topping off” means in construction. Hotel101-Libis is a big hotel project with 702 rooms located in Bridgetowne, which is part of the Robinsons Land development in Quezon City. Once it opens, it will be the largest hotel in all of Quezon City, Philippines.
The hotel is conveniently located just a short walk from Robinsons Opus Mall, making it easy for guests to go shopping or dining.
Part of a Bigger Dream
According to the press release from DoubleDragon’s Chief Information Officer, Atty. Joselito L. Barrera, Jr., this hotel is part of something much bigger called the “Hotel101 Global Vision.” The company’s big dream is to have 50,000 Hotel101 rooms across the Philippines and eventually 1 million Hotel101 rooms around the world – imagine that many hotel rooms all with the same name and style!
A Record-Breaking Year for Hotel Openings
The company shared that 2026 is a very special year for them. It’s the year they’re opening the most hotel rooms ever in a single year – a total of 2,229 new rooms! Here’s how they’re spread out:
- 680 rooms in Madrid, Spain (already opened in March 2026)
- 519 rooms in Davao, Philippines (scheduled to open July 30, 2026)
- 548 rooms in Cebu, Philippines (opening later in 2026)
- 482 rooms in Niseko Hokkaido, Japan (scheduled for December 2026)
How Hotel101 Works
DoubleDragon describes Hotel101 as having a unique business model they call “HBNB” (which stands for Hotel Bed and Breakfast). What makes it special is that it’s “asset-light,” meaning the company can expand to other countries by licensing their business model rather than having to build and own everything themselves. This allows them to grow faster and earn recurring revenue (money that comes in regularly, like allowance every week).
Success Stories from Other Hotel101 Properties
The press release highlighted that their existing hotels are doing very well:
- Hotel101-Manila (518 rooms) and Hotel101-Fort (606 rooms) in the Philippines are operating at “very high occupancy levels” – meaning most of their rooms are filled with guests
- Hotel101-Madrid in Spain achieved a major milestone by reaching 100% occupancy (all rooms filled) and earned more than €100,000 Euros in a single day
About DoubleDragon Corporation
DoubleDragon is a Philippine company with diverse business interests. According to the disclosure, the company currently has Total Assets worth ₱225.3 Billion Pesos. Besides hotels, they also earn money from renting out shopping malls in provinces, warehouses for storage, and office spaces.
The company made history in 2025 by becoming the first Filipino company to have a subsidiary listed on the U.S. Nasdaq stock exchange. In 2026, they made history again as the first Filipino hotel chain to operate outside the Philippines.
What This Means
DoubleDragon noted that their global expansion is expected to bring U.S. Dollars into the Philippine economy, which helps the country. The company stated that 2026 is set to be the year they start generating significant recurring revenues from their various properties both in the Philippines and overseas.
The topping off ceremony was attended by officers from DoubleDragon/Hotel101, along with their partners Megawide Construction, Design Coordinates Inc., and Jose Siao Ling and Associates (JSLA Architects).
Source Note:This article is based on the company’s official press release and disclosures filed with the Philippine Stock Exchange’s Electronic Disclosure Generation Technology (PSE EDGE) system. For the complete and official version of the announcement, readers may visit the PSE EDGE website and search for the company’s filing directly.
