C04486-2023

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)
Jun 7, 2023
2. SEC Identification Number
30354
3. BIR Tax Identification No.
287191423000
4. Exact name of issuer as specified in its charter
DoubleDragon Corporation
5. Province, country or other jurisdiction of incorporation
Republic of the Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
DD Meridian Park Bay Area Brgy 76 Zone10, San Rafael, Pasay City, Metro Manila, Philippines Postal Code 1302
8. Issuer's telephone number, including area code
+63288567111
9. Former name or former address, if changed since last report
N/A
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common 2,345,028,600
Preferred 100,000,000
Total Debt (In Millions of Pesos) 56,047.60
11. Indicate the item numbers reported herein
Item 9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

DoubleDragon CorporationDD

PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

DoubleDragon’s 548 Room Hotel101-Cebu Mactan Airport now 100% Sold Out

Hotel101 – Cebu Mactan Airport project fully sold out in just 21 months from the start of pre-selling; over a year ahead of target completion date

Hotel101 pipeline of inventory from secured prime titled land sites in Cebu, Libis, Boracay, Palawan and Bohol expected to generate P18.14 Billion in revenues, excluding the dollar revenues to be generated from the Hotel101 overseas projects.
Background/Description of the Disclosure

About Hotel101-Cebu Mactan Airport Project

DoubleDragon Corporation’s (“DoubleDragon”) hotel subsidiary, Hotel of Asia, Inc. is pleased to announce that it has fully sold out its most recently launched project-- Hotel101–Cebu Mactan Airport (“the project”) in just 21 months from the start of pre-selling and over a year ahead of target completion date. Hotel101-Cebu Mactan Airport with its 548 rooms is poised to be the biggest airport hotel in the Visayas and Mindanao Region and currently ongoing construction on a 5,493 square meter prime commercial lot along the Cebu Mactan Airport Terminal Road near Mactan Marina Mall.

With Hotel101–Cebu Mactan Airport as a new addition, Hotel101 now has the essential strategic seeds in place towards its near term goal of becoming the top-of-mind branded hotel chain in the country and eventually, in other parts of the world.

“Having just fully sold out the 548 room Hotel101-Cebu Mactan Airport project, and having fully sold out the first two Metro Manila Hotel101 projects-- 606 room Hotel101–Fort and 518 room Hotel101–Manila, we are excited to very soon announce the start of our third Hotel101 project in Metro Manila and first in Quezon City, the 745 room Hotel101-Libis Bridgetowne in E.Rodriguez Avenue, Libis Quezon City," said DoubleDragon Chief Investment Officer Hannah Yulo-Luccini.


About Hotel101’s new HappyRoom global look; with the AI (Artificial Intelligence) designed Hotel101 Banig accent design; Hotel101-Cebu Mactan Airport project to be the first to adopt the new HappyRoom global look

Hotel101–Cebu Mactan Airport is set to be the first Hotel101 project to adopt the new global version of Hotel101’s 21sqm standardized signature HappyRoom.

The new Hotel101 global look has been designed for construction and operational efficiency, optimizing the use of modular furniture and fixtures as well as the use of pre-fabricated bathrooms. Hotel101 is expected to become known as one of the most technologically advanced hotel chains across all parts of its value chain. The next version of the Hotel101 App is set to integrate the fully automated self-check-in system with IOT (Internet Of Things) capability.

For its signature look, Hotel101 has chosen the ‘banig’ -- the traditional handwoven mat of the Philippines. Banigs are where Filipino families would gather, form lasting bonds and shape memories. The banig symbolizes home, and that’s how we want you to feel when you are staying at Hotel101. The Hotel101 banig colors were carefully chosen to radiate happiness and intended to evoke a Filipino touch in all Hotel101 projects across different countries worldwide.

The Hotel101 signature modern banig was designed by AI (Artificial Intelligence) to symbolize that Hotel101 will always stay ahead of the curve in technological advances.

“Hotel101 Global has spent several months putting together the most ideal hotel room, we have meticulously gone over each and every detail of the new signature 1 SKU Hotel101 HappyRoom to ensure that it can become the most efficient hotel room to build and maintain, while fulfilling every essential need to delight the growing number of Hotel101 customers from various parts of the world.

If there is one hotel chain that can optimize the use of modern technology in the global hospitality space, we believe it will be Hotel101, given its pioneering standardized signature 21 sqm HappyRooms and asset-light concept globally.

Eventually, when you stay in any Hotel101, no matter what country you are in, for the first time you will know exactly what to expect,” said DoubleDragon Corporation and Hotel101 Global Chairman Edgar Injap Sia II.


As previously disclosed, Hotel101 pipeline of inventory from secured prime titled land sites in CEBU, LIBIS, BORACAY, PALAWAN and BOHOL expected to generate P18.14 Billion in revenues, excluding the dollar revenues to be generated from the Hotel101 overseas projects.
Other Relevant Information

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Filed on behalf by:
Name Jose Roelph Desales
Designation Investor Relations Head