DoubleDragon opens flagship property in Pasay

DoubleDragon (DD) Plaza, the flagship development in the progressive DD Meridian Park in the Bay Area, Pasay City

Listed property developer DoubleDragon Properties Corporation recently inaugurated the DoubleDragon Plaza, the flagship development in the progressive DD Meridian Park in the Bay Area, Pasay City.

DoubleDragon (DD) Plaza, certified in Leadership in Energy and Environmental Design (LEED), has over 130,000 square meters of leasable space and will form part of the DD Meridian Park complex with 280,000 square meters of leasable space. The property consists of four office towers and will have a capacity of 50,000 employees of its tenants.

DoubleDragon Properties keen on doubling recurring income

DoubleDragon Properties, a listed property development firm, is keen on increasing its recurring income stream to as much as 90% by 2020. This was revealed during the recent launch of Hotel 101-Fort, the newest addition to their growing hotel portfolio that’s presently under construction in Taguig.

This comes on the heels of P2.53 billion net profit posted last year, up by 71.8 percent from the previous year, boosted by higher recurring profits with rental revenues growing by 238.4 percent to P909.2 million or 19.8 percent of total revenues.

DoubleDragon’s Hotel 101-Fort Is Fast On The Rise

Hotel 101, the flagship homegrown brand of Hotel of Asia, Inc., a subsidiary of publicly listed real estate firm DoubleDragon Properties Corp., adds to its growing portfolio of hotel properties with the ongoing construction of Hotel 101-Fort.

Rising at 33 storeys and standing on a prime 1,224 sq. m. prime corner lot, Hotel 101-Fort is envisioned to be a premier business and leisure hotel. Once completed in 2020, Hotel 101-Fort will house a total of 606 well-appointed hotel rooms, a three-level podium with specialty retail shops and dining outlets, and a full amenity floor. Furthermore, Hotel 101-Fort is centrally located and is but a stone’s throw away from BGC’s shopping and dining district, which is sure to attract the burgeoning tourist market. With this, Hotel 101 offers the utmost comfort, privacy, and convenience.