DoubleDragon bringing Hotel101 to Thailand

MANILA, Philippines — DoubleDragon Corp., the listed company chaired by tycoons Edgar “Injap” Sia II and Tony Tan Caktiong, is bringing Hotel101 to Thailand through a partnership with property developer Origin Property Public Co. Ltd.

DoubleDragon subsidiary, Hotel101 Global Holdings Corp., and Origin Property have signed definitive binding agreements to jointly develop a 770-room Hotel101 in Bangkok.

Hotel101-Bangkok is expected to occupy an 8,336-square-meter site along Phahon Yothin Road, near Don Mueang International Airport and beside the Yaek Kor Por Aor BTS Station.

DoubleDragon said the hotel’s strategic position   would enable it to offer connectivity and convenient access to Bangkok’s northern corridor.

It said the area has emerged as one of Bangkok’s key growth districts, known for its modern infrastructure, transport links and strong mix of commercial, residential and tourism developments.

Hotel101-Bangkok is expected to be completed by 2029, forming part of Hotel101 Global’s global expansion strategy to develop one million standardized rooms across 100 countries.

“This expansion marks a significant milestone in the company’s global growth strategy, bringing its novel, globally standardized condotel business model to one of Southeast Asia’s most dynamic capital cities and major transportation hubs,” DoubleDragon said.

Once fully sold, Hotel101-Bangkok is expected to generate about $58 million in sales revenue.

It is expected to offer four-star amenities at affordable prices, including ample meeting spaces and a conference center tailored for business events.

DoubleDragon said Hotel101 Global has started generating recurring revenues from hotel operations in its 680-room Hotel101-Madrid in Spain since March 2026.

The company said this would be followed by recurring revenue generation from the 482-room Hotel101-Niseko in Hokkaido Japan, which is slated to open in December.

In the Philippines, DoubleDragon said the 518-room Hotel101-Manila and the 606-room Hotel101-Fort continue to consistently operate at very high occupancy levels.

Its 519-room Hotel101-Davao, the largest hotel in Mindanao, is set to begin operations on July 30.