In a disclosure yesterday, HOA said it engaged Barone International as its sustainability consultant in its application for the LEED Gold certification of Hotel 101 Resort Boracay, which is poised to become the largest green hotel to rise in the Philippines.
DoubleDragon chairman Edgar “Injap” Sia II said the company has gone a step further in developing Hotel 101 Resort Boracay by making it a truly sustainable and green hotel.
The project will rise on a two-hectare property on the beachfront cove. It will support environmental friendly operations and sustainable tourism. It will be located in Boracay Newcoast which is likewise a model of sustainability in the island as it incorporates green initiatives such as the use of electric jeepneys, solar- powered streetlamps, flood-free drainage systems, implementation of its own waste segregation program and having its own material recovery facility for waste recycling, and having its own sewage treatment plant that converts used water for irrigation and fire reserve.
“This new eco-friendly greenergized resort project in Boracay puts forward our grand vision to be a major player in the hotel and resorts industry in the country. We envision Hotel 101 to become the largest and most recognized hotel chain in the Philippines, significantly contributing to the recurring income of DoubleDragon, and at the same time providing the market with an innovative, safe and secure real estate investment backed by a condominium title,” Sia said.
HOA’s first operational hotel is is the 518-room Hotel 101 Manila which is the company’s best performing hotel with year-to-date occupancy of 88.55 percent.
The company has a target to complete a leasable portfolio of 1.2 million square meters by 2020.
This will come from 700,000 square meters from 100 CityMalls, 300,000 square meters from its Metro Manila office projects DD Meridian Park and Jollibee Tower, 100,000 square meters from the pipeline 5,000 hotel rooms of Hotel 101 and Jinjiang Inn Philippines, and another 100,000 square meters of industrial space from various CentralHub sites across Luzon, Visayas and Mindanao.
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