DoubleDragon's Hotel101 Rising in Saudi Arabia

DoubleDragon Corp.'s Hotel101 Global is embarking on an aggressive expansion in Saudi Arabia through a partnership with Saudi-headquartered investment company Horizon Group.

- By RICHMOND MERCURIO

Hotel101 Global has inked a joint venture partnership agreement with Horizon Group to develop up to 10,000 rooms worth about $2.5 billion in Saudi Arabia.

An initial five locations for the Hotel101 projects have been identified under the collaboration, the first of which is eyed to be located in Medina, followed by Riyadh, Jeddah, Abha and Alula.

"We are inspired by the leaders of Saudi Arabia and their sheer determination and will power to make things happen, as such, we are confident in the plans they have laid out for the region and we believe the Hotel101 concept will be able to make a significant contribution in terms of room keys to complement the 2030 Vision for the Kingdom, and to form part of our global vision of one million Hotel101 rooms worldwide," Hotel101 Global founder and DoubleDragon chairman Edgar "Injap" Sia II said.