MANILA - DoubleDragon Properties Corp said Friday said its Hotel101-Davao project was expected to generate P2.36 billion in unit sales.
Pre-selling of units for its Hotel101-Davao began after DoubleDragon subsidiary, Hotel of Asia Inc, secured a license to sell from the Housing and Land Use Regulatory Board on March 15, the developer told the stock exchange.
DoubleDragon said the 519-room Hotel101-Davao would be the biggest hotel in Mindanao, occupying 5,300 square meters along the Eco West Drive near SM City Davao.
The project is expected to be completed by 2020,it said.
DoubleDragon aims to complete a leasable portfolio of 1.2 million sqm by 2020.