Double Dragon Corp. is actively pursuing its goal to establish a PHP24.8-billion warehouse portfolio and list the first industrial REIT in the Philippines as it hits milestone of 1.5 million GFA (gross floor area) with the completion of the fully pre-leased 5-hectare CentralHub warehouse complex in Cebu.
In a disclosure at the Philippine Stock Exchange, Double Dragon said that CentralHub, its joint-venture company Jollibee Foods Corporation, said that the current CentralHub portfolio includes the largest commissary and distribution center of Jollibee Foods Corporation in Laguna.
Double Dragon’s total equity as of March 31, 2025 stands at PHP102.1 billion. The company’s net Debt to-Equity ratio remains very healthy at 0.76x, one of the lowest D/E ratios among Philippine listed companies.
It s balance sheet has recently been further solidified after the U.S. NASDAQ listing of its subsidiary Hotel101 Global, which made history as the first-ever Filipino-owned company to be listed and traded on the U.S. NASDAQ Stock Exchange. The listing is an initial but vital step towards the Hotel101 Global vision of 1 million rooms in 100 countries worldwide. DoubleDragon Corporation has completed a total of 1.5 million GFA of completed recurring revenue asset portfolio from its string of hard assets spread out in prime locations in Luzon, Visayas and Mindanao.
The company also holds assets overseas through its subsidiary Hotel101 Global. DoubleDragon Corporation is also one of the few companies in the Philippines with credit rating PRS Aaa (Triple A) from Philippine Rating Services Corporation, the highest rating tier by PhilRatings. DoubleDragon’s string of titled investment properties strategically planted in prime locations spread out in Luzon, Visayas, Mindanao and Overseas serves as its strong underlying solid foundation. On top of its string of diversified hard assets portfolio in the Philippines,
DoubleDragon happens to be one of the few companies in the Philippines that was able to organically develop a novel and unique business model and brand in Hotel101 that is highly portable and exportable to multiple continents.
DoubleDragon in just about 10 years has completed a total of 1.5 million square meters of diversified asset portfolio consisting of a chain of provincial community malls in Luzon, Visayas and Mindanao, office buildings in Metro Manila, hotels in the Philippines and overseas, and warehouse complexes around the country.
The company owned by entrepreneur Edgar Sia is one of the few companies that operates its modern community malls in the countryside, as far as Cotabato City, Koronadal City, Dipolog City in Zamboanga Del Norte and Isulan Sultan Kudarat that further stimulates the countryside local economy, but at the same time enables the positive economic growth to be felt by the real provincial countryside.
DoubleDragon is one of the very few companies that has commercial investment as far as Basilan Sulu in the Bangsamoro Autonomous Region. DoubleDragon’s nationwide Philippine portfolio of titled hard assets footprint strategically located in Luzon, Visayas and Mindanao, is expected to fully mature by this year 2025.
