Philippine Hotel101 Enters Cambodia with Two Mega-Hotels

Hotel101 Global, a Filipino-owned hospitality company and the first of its kind listed on Nasdaq, has entered into binding agreements with Cambodian real estate developer Canopy Sands Development to build two large hotels in Phnom Penh and Sihanoukville. These projects, set to be completed by 2028, will feature around 700 rooms in Phnom Penh and 680 rooms in Sihanoukville, making them among the largest hotels in Cambodia. The developments are part of Hotel101's global expansion strategy, which includes markets such as the Philippines, Japan, Spain, the US, and Saudi Arabia, with a long-term vision to operate one million hotel rooms across 100 countries. The hotels are expected to generate approximately US$109.6 million in sales revenue and contribute significantly to Cambodia’s economy through job creation, foreign investment, and tourism growth, especially with the upcoming opening of Phnom Penh's new Techo International Airport. Hotel101’s properties will feature standardized 21-square-meter “HappyRoom” units with kitchenettes and amenities like pools, gyms, and meeting facilities, targeting both leisure and business travelers. This expansion also reflects DoubleDragon's innovative asset-light business model and its role in driving dollar inflows to the Philippine economy.