DoubleDragon ready to pursue next phase of growth

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December 20, 2025 | 12:00am

MANILA, Philippines — DoubleDragon Corp., the property developer chaired by tycoons Edgar “Injap” Sia II and Tony Tan Caktiong, is unleashing its next phase of growth, which it intends to achieve over the next decade.

In a message during the company’s annual stockholders’ meeting yesterday, Sia said the entire DoubleDragon team is now fully prepared to intensely pursue its next phase of growth going forward from 2025 to 2035.

“2025 is coming to an end, and we have now activated the next phase of DoubleDragon’s growth,” he said.

The company’s targets include exceeding P500 billion in global consolidated annual revenue and achieving a net income level of P50 billion by 2035.

DoubleDragon also intends to become a totally debt-free company by 2035 and generate annual cash dividends exceeding P12 billion annually by then.

Furthermore, the company aims to have fully nurtured its existing hard asset portfolio to an optimal level in Luzon, Visayas and Mindanao, and to have completed its footprint in all 82 provinces in the Philippines, held directly or through its subsidiaries.

Lastly, DoubleDragon, through Hotel101 Global, aims to establish a presence in 100 countries worldwide by 2035.

“This DoubleDragon grand vision and goals for 2035 will make the Philippine-listed DoubleDragon Corporation one of the major dollar recurring inflow generators to the Philippine economy,” Sia said.

Sia said that the previous years have served as important years of preparation and learning for the company.

“Add to it, are the consecutive recurring economic shocks and series of crisis in both the global and domestic fronts, starting from the pandemic crisis in 2020 to many other economic and geopolitical shocks that came since 2020 to 2025 have actually presented a rare opportunity for the whole DoubleDragon team to learn to navigate a prolonged very rough and very turbulent weather,” the tycoon said.

“2020 to 2025 was indeed extraordinarily challenging times, with a level of prolonged economic and geopolitical turbulence that would have only enabled the very old established companies that have existed before I was born to survive,” he said.

Through the support of its stockholders, Sia said that the company has thrived and even transformed to become “a far stronger and now a far deeply prepared company, now consisting of battle-tested and battle-hardened team members.”

“Rest assured that myself with the whole DoubleDragon team is fully committed to put in the necessary hard work, entrepreneurial grit and firm perseverance towards pushing forward to put in our very best to significantly elevate the chance to make this DoubleDragon’s grand 2035 vision a reality, and as a natural positive consequence will eventually make DoubleDragon one of the major pillars of the Philippine economy and make Hotel101 a truly global brand operating in various jurisdictions worldwide, and eventually bring a pinch of pride and honor to our fellow Filipino countrymen in the Philippines and eventually in other countries they go to,” he said.

Sia informed its stockholders that by March 2026, they can start checking in and staying at the 680-room Hotel101 in Madrid, Spain. 

Hotel101 Madrid is one of Hotel101 Global’s first three overseas projects under development, forming part of the company’s global expansion strategy.

“We invite you to experience for the first time in our history, for a Filipino to stay in a truly homegrown Filipino hotel brand in a foreign land, which formally marks just the beginning of the journey of a Filipino brand and novel asset-light business model to spread out around the world,” Sia said.

“I am all in, we are all in, for DoubleDragon to take on the world, and proudly carry the Philippine flag wherever we go,” he said.