DoubleDragon Corp. plans to establish a S$300 million real estate investment trust (REIT) in Singapore backed by Hotel101-branded hospitality assets, as the Philippine property developer seeks to create a capital recycling platform to support the global expansion of its hotel business.
The company’s board has approved the creation of a Singapore special purpose vehicle, DD Hotel101 Worldwide One, which DoubleDragon intends to sponsor as a S$300 million hospitality REIT on the Singapore Exchange (SGX). If listed, the company said it would become the fifth pure hospitality REIT on the exchange.
The proposed REIT will initially hold a diversified portfolio of Hotel101 uniform units carved out from selected projects in various countries. DoubleDragon said the structure would provide a permanent capital recycling mechanism to complement the sale of individual Hotel101 units while creating a recurring revenue stream from hospitality assets.
The company said the initial S$300 million asset size is intended to qualify for an exemption from Singapore’s requirement for three years of operating history. Following the listing, additional Hotel101 units from projects around the world may be injected into the REIT to expand its recurring income base.
DoubleDragon said the initiative is part of Hotel101 Global’s transition to the third phase of its expansion strategy, which focuses on an asset-light licensing model. It added that the REIT platform could also make the Hotel101 brand more attractive to developers in overseas markets seeking to participate in its licensing platform.
The company said it ultimately plans to expand the Hotel101 REIT platform by pursuing listings on other major stock exchanges as it works toward its long-term target of developing one million standardized hotel rooms in more than 100 countries.
Hotel101 has been expanding its international footprint in recent months. DoubleDragon said Hotel101 Madrid, which opened in March 2026, has begun generating recurring hotel revenues, while Hotel101 Niseko in Japan is scheduled to open in December. The company also expects 2,229 additional hotel rooms to become operational this year across Madrid, Davao, Cebu and Niseko.
The REIT proposal comes as Hotel101 accelerates its overseas expansion.
The hospitality platform, a subsidiary of DoubleDragon, made history last year by becoming the first Philippine-owned company to list on the Nasdaq through a merger with special purpose acquisition company JVSPAC, a transaction that valued the business at about $2.3 billion.
The company has said access to international capital markets will help fund its global rollout.
Hotel101 has been expanding its international footprint in recent months.
DoubleDragon said Hotel101 Madrid, which opened in March 2026, has begun generating recurring hotel revenues, while Hotel101 Niseko in Japan is scheduled to open in December.
The company also expects 2,229 additional hotel rooms to become operational this year across Madrid, Davao, Cebu and Niseko.
DoubleDragon said the proposed REIT forms part of Hotel101 Global’s transition to an asset-light licensing model and could make the brand more attractive to overseas developers.
The company ultimately plans to expand the Hotel101 REIT platform through listings on other major stock exchanges as it pursues its long-term goal of developing one million standardized hotel rooms across more than 100 countries.
Business News Asia
