With the thrust of the government leaning towards OFW investments while providing financial literacy opportunities as part of the Pre-Departure Orientation Seminar (PDOS), many businesses and companies are looking at ways on how to capitalize on this noble effort to invest in the Philippines, and at the same time to secure one’s future through smart financial investments.
This is a very timely topic not only for overseas Filipino workers (OFWs) but also for every working Filipino who wishes to achieve financial independence as soon as possible, and at a time when they can fully reap and enjoy its benefits.
Hotel of Asia Creates SG Unit, Targets OFW Investors
In line with this, Hotel of Asia, Inc., a subsidiary of DoubleDragon Properties Corp., has announced its goal to focus on international sales for its Hotel101 Projects this year, as reported by Business World Online.
In a statement released last April 3 (Wednesday), DoubleDragon announced that Hotel101 Worldwide Private Limited, HOA’s international selling unit, has been awarded the certificate of incorporation in Singapore.
According to Edgar J. Sia II, chairman and chief executive officer of DoubleDragon, the company derives revenues from Hotel101 two-folds – the first coming from the pre-selling of units during the construction phase and then secondly, once the projects are completed the properties begin to rack up steady recurring revenues from hotel operations.
In December of last year, DoubleDragon’s board of directors greenlighted the creation of international wholly owned subsidiaries in Singapore, Hong Kong, Middle East, Japan, London, Italy, and the United States.
The homegrown brand Hotel101 will account for a large part of the DoubleDragon’s 5,000-hotel room target by 2020. Other brands under DoubleDragon Properties include Jinjiang Inn, Skysuite, and Ascott-DD Meridian Park.
At present the developer has around 876 operating rooms across five properties in the country, and is looking to open 4,207 more in the near future.
For this year, Hotel101 targets to pre-sell six hotel projects, which are located in Fort Bonifacio in Taguig City, Davao, Boracay, Bohol, Palawan, and Cebu. The company is also looking to fully sell the PHP 14.53-billion Hotel101 unit inventory within the next two years.
Mr. Sia noted that Hotel101 units are an ideal investment for OFWs who wish to reinvest in the Philippines but do not have the time to manage their investments.
He further explained that through their investments, Hotel101 will provide OFWs a steady stream of recurring income on top of condominium unit titles that would enable them to join in the growing long-term prospects of the real estate industry as well as the rapid growth of tourism in the Philippines.
If you have saved up for a long time and can afford to place some of your earnings on a long-term and income-generating venture, then there’s no reason for you to miss out on this kind of investment opportunity.
To know more about this type of investment, you can visit DoubleDragon Properties Corp’s website.