Set in a 1,224sqm prime land, Hotel 101-Fort will comprise 28 floors of hotel rooms and 5 basements with 188 parking slots. The tower will house a total of 609 hotel rooms for sale or for lease providing unparalleled security and privacy for its unit owners or guests.
Hotel 101-Fort is designed and owned by Double Dragon Properties Corporation (or just DD); a newly listed real estate company led by its chairman Edgar “Injap” Sia II (founder of Mang Inasal) and its co-chairman Tony Tan Caktiong (founder of Jollibee). As the company is led by some of the Philippines’ finest minds in the industry, you can be assured of the finest hospitality Double Dragon has to offer. Moreover, Hotel-101-Fort is not DD’s first project of this kind.
The hotel chain is expected to be the future of the hospitality industry that would garner more support from its investors. The hotel is a great investment for those who want to own a hotel room and prefer to run its operation and maintenance by DD without additional cost to the investor and just a minimal fee as a charge. The Hotel 101-Fort offers 3-level podium with commercial areas and second-floor levels where you can find specialty shops and fine dining restaurants. The development has a target date of completion in December 2020 and is currently on its pre-selling stage.
Types of Hotel Units offered at Hotel 101-Fort Taguig City
The Hotel 101- Fort is offering hotel units which you can purchase that will be run by DD’s team of expert managers as a Hotel unit for you. The hotel shall have a total of 609 hotel units each measuring 21sqm of floor area. The management will find tenants for you so you don’t need to lift any finger while you also don’t worry about the monthly fee. Moreover, as a hassle-and worry-free investment, the acceptance of the unit will be handled by the hotel operator (such as the inspection and clearance to occupy, etc.) on your favor during the turnover. The DD management puts your real property to have an annual return on investment (ROI) at 11 %.
This worthy investment will allow you to recoup your investment within a short period of time. Moreover, as you purchase and make an investment at Hotel 101, there would be no monthly dues (unlike in a condo), no maintenance cost, and no renovation cost for you. Interestingly, there is also no need to purchase a parking slot as there will be 188 complimentary parking spaces for guests to use.
Know more about Double Dragon Properties Corporation
As a newly-listed real estate company, Double Dragon Properties Corp. had achieved a market capitalization of over $2 billion in less than two years from its IPO. The company is now one of the top 5 listed companies on the Philippine Stock Exchange in terms of market capitalization. Furthermore, the company has a vision “to accumulate 1 million square meters of leasable space by 2020”.
Some 700,000sqm of this leasable space will be coming from the roll-out of 100 community malls in the provincial areas of the Philippines under Double Dragon’s subsidiary “CityMall”, in partnership with SM Investments Corporation (SMIC). The CityMall brand is expected to become the largest independent branded community mall chain in the country. Additionally, the balance of 300,000sqm of leasable space will be coming from two office projects in Metro Manila, namely the Double Dragon Meridian Park in the Bay Area and Jollibee Tower in the Ortigas Center.
The company's flagship project in Metro Manila is DD Meridian Park, a 4.8-hectare prime commercial block located in the growing CBD of the Bay Area along the corners of Roxas Blvd., EDSA, and Diosdado Macapagal Ave. The first phase of the project, called the Double Dragon Plaza, will consist of four BPO Towers on top of a retail podium and is currently under construction and slated for completion by 2018. While the DD Meridian Park; once fully built, will contribute 280,000sqm of leasable space to the company’s portfolio.
Aside from the projects stated above and the Hotel 101-Fort, some of Double Dragon’s other current and finished real estate developments include the Injap Tower Iloilo, The Uptown Place Iloilo, Umbria Mall Laguna, Dragon8 Shopping Center Manila, The Central Hub Tarlac City, and the Jinjiang Inn Makati, among others. As real estate experts in the country agree that the next big thing in the Philippines is the Double Dragon Properties Corp., you can’t be wrong in investing at the Hotel 101-Fort!
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