DoubleDragon
MANILA, Philippines — DoubleDragon Corp. is setting up a $300-million hospitality real estate investment trust (REIT) in Singapore as the listed property developer seeks to unlock value from its growing Hotel101 portfolio and support the global expansion of its hospitality business.
On Friday, the company founded by tycoons Tony Tan Caktiong and Edgar “Injap” Sia II said its board approved the creation of DD Hotel101 Worldwide One, a Singapore special purpose vehicle that will be sponsored as a $300-million REIT and listed on the Singapore Exchange.
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