DoubleDragon eyes 1,800% revenue growth by 2035

Listed property developer DoubleDragon Corp. is targeting an 1,800% increase in total revenues by 2035, after posting a record-high P27.91 billion in 2025, driven mainly by stronger contributions from its overseas operations.

The company said it aims to reach P500 billion in annual revenues by 2035—about 18 times its 2025 level—marking a 56.3% increase from its 2024 figure of P27.91 billion and the highest in its corporate history.

DoubleDragon attributed the projected growth to new revenue streams from its international units.

The firm also plans to optimize its asset portfolio by 2025, expand its footprint across all 82 provinces in the Philippines through direct ownership or subsidiaries, and establish Hotel101 Global presence in 100 countries.

It likewise aims to become debt-free and generate over P12 billion in annual cash dividends by 2035.

“2026 is set to be the year DoubleDragon will start generating high-volume recurring revenues from its portfolio of provincial community mall leasing, industrial warehouse leasing, office leasing, and hospitality assets in the Philippines and overseas,” the company said in a regulatory filing.

Hotel101 Global Holdings Corp. is set to open 2,229 rooms across developments in the Philippines, Spain, and Japan this year.

The company’s overseas expansion includes projects in Niseko, Hokkaido (Japan), Madrid (Spain), and Los Angeles (United States). It is also targeting a portfolio of 1 million rooms across 101 countries before 2050.

In January, Hotel101 announced plans to develop a 766-room hotel in Melbourne’s central business district, which is expected to become the largest hotel in the area.

Hotel101 shares began trading on the Nasdaq Stock Exchange on July 1, 2025. Its parent company, DoubleDragon, is chaired by Edgar “Injap” Sia II and co-chaired by Tony Tan Caktiong.—MCG, GMA News