C05236-2023

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)
Jul 5, 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 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

TODAY, JULY 5, 2023 DOUBLEDRAGON SECURES LICENSE TO SELL FOR HOTEL101-LIBIS BRIDGETOWNE PROJECT

PRE-SELLING OF HOTEL101-LIBIS BRIDGETOWNE PROJECT BEGINS TODAY JULY 5, 2023.

THE 702 ROOMS HOTEL101-LIBIS BRIDGETOWNE IS SET TO BE THE LARGEST HOTEL IN QUEZON CITY

HOTEL101-LIBIS BRIDGETOWNE PROJECT EXPECTED TO GENERATE P4.9 BILLION UNIT SALES REVENUE
Background/Description of the Disclosure

About Hotel101-Libis Bridgetowne:

DoubleDragon Corporation (“DoubleDragon”) hotel subsidiary today July 5, 2023 receives its DHSUD LTS No. 0000073 covering Hotel 101-Libis Bridgetowne Project. The Company to date has fully secured all the necessary building permits and has commenced construction site activities for Hotel101-Libis Bridgetowne in Quezon City, Metro Manila slated for completion in 2026.

The 702 rooms Hotel101-Libis Bridgetowne is set to be the largest hotel in Quezon City with its pioneering standardized signature 21sqm HappyRooms. The hotel facilities will include a gym and an outdoor infinity pool, all-day dining, business center and function rooms. Hotel101-Libis Bridgetowne sits on a 2,547 square meter prime titled commercial lot which forms part of Bridgetowne District. The property is also across the upcoming RLC’s Opus Mall shopping center within the Bridgetowne District.

Hotel101-Libis Bridgetowne Project is expected to generate ¿4.9 Billion in unit sales revenue. The Hotel101-Libis Bridgetowne units are seen as a solid investment since the unit owners are able to directly and perpetually own a real estate hard asset through the full ownership of the unit through a condominium title.

Last June 7, 2023 the Company reported 548 room 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.
Other Relevant Information

About Hotel101 Global Pte. Ltd.:

The Singapore registered Hotel101 Global Pte. Ltd. (“Hotel101 Global”), is the worldwide hotel expansion subsidiary of Philippine parent company DoubleDragon Corporation.

DoubleDragon targets to list its subsidiary Hotel101 Global Pte Ltd at NASDAQ (US Stock Exchange) given that eventually Hotel101 Global is expected to derive over 95% of its revenues outside the Philippines.

The first three overseas Hotel101 projects will be in Niseko Hokkaido Japan, Madrid Spain, California USA. These first three overseas sites will serve as bridge projects to jumpstart the transition of Hotel101 to transcend beyond these first three countries and become a global brand with a truly unique business concept that can be planted in over 100 countries.

Target near term expansion roadmap for Hotel101 Global is to be in these first 25 countries by 2026 namely: Philippines, Japan, Spain, USA, United Kingdom, UAE, India, Thailand, Malaysia, Vietnam, Indonesia, Saudi Arabia, Singapore, Cambodia, Bangladesh, Mexico, South Korea, Australia, Canada, Switzerland, Turkey, Italy, Germany, France and China.

About DoubleDragon Corporation:

DoubleDragon Corporation is one of a handful of companies in the Philippines that has accumulated a completed a recurring income portfolio of 1.2 million square meters in diversified hard assets in office leasing with its Jollibee Tower, DoubleDragon Plaza at DD Meridian Park complex, its string of CityMall community centers, its string of CentralHub warehouse complexes, and its string of Hotel101 projects in the Philippines and overseas. As of March 31, 2023, DoubleDragon Corporation’s Total Equity stands at P81.96 Billion and Total Cash Position stands at P9.03 Billion. DoubleDragon has recently been upgraded to Highest PhilRatings PRS Triple A Credit Rating.
Filed on behalf by:
Name Jose Roelph Desales
Designation Investor Relations Head