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Hotel101 builds P6.3-B projects in Cambodia
Manila Bulletin
|August 21, 2025
Hotel101 Global Pte. Ltd., the Singapore-headquartered subsidiary of NASDAQ-listed Hotel101 Global Holdings Corp., has entered into definitive agreements to develop two hotel projects in Cambodia worth P6.3 billion.
Hotel101’s parent company DoubleDragon Corp. reported to the Philippine Stock Exchange (PSE) that it has agreed with Canopy Sands Development Co. Ltd., one of Cambodia’s leading real estate developers, to develop the two Hotel101 projects.
These two Hotel101 projects in Cambodia are expected to generate $109.55 million (P6.3 billion) in sales revenue once fully sold.
The two hotels are expected to be among the largest hotels in Cambodia by number of rooms upon completion. Canopy Sands Group will allow Hotel101 to build on its prime land in Cambodia.
In addition, the arrangement with Canopy Sands Development will also enable Hotel101 to navigate the local landscape well and utilize the Cambodian firm’s existing local sales network in the country.
Dit verhaal komt uit de August 21, 2025-editie van Manila Bulletin.
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