DoubleDragon’s Hotel101, a fast-growing condotel, is expanding itself by entering the Cambodian market. The company has signed an agreement with Canopy Sands Development Corporation Ltd., a local real estate developer in Cambodia. This deal allows Hotel101 to build two new hotels on prime land owned by Canopy Sands, marking a significant step in the brand’s global expansion.
- Hotel101-Phnom Penh: Located in the vibrant Tonlé Bassac district of Cambodia’s capital, this hotel will occupy a 2,033 square meter plot and feature approximately 700 rooms. Upon completion, it is set to become Cambodia’s largest hotel by room count, offering modern accommodations for tourists and business travelers.
- Hotel101-Sihanoukville: Situated within the expansive Bay of Lights project, a popular coastal destination known for its stunning beaches, this hotel will include around 680 rooms, catering to visitors seeking relaxation and convenience in a booming tourist hub.
Further reading: Why Sihanoukville Is Cambodia’s Top Destination for Infrastructure Investment
Both hotels are designed to reflect Hotel101’s signature condotel model, which combines the comforts of a condominium with the services of a hotel, appealing to a wide range of guests! DoubleDragon has also set a target to complete both Hotel101-Phnom Penh and Hotel101-Sihanoukville by 2028, contributing to Cambodia’s tourism growth and economic development while creating jobs and attracting visitors.
How does this investment opportunity work?
Hotel101 Cambodia introduces a condotel investment model designed for investors looking to capitalize on Cambodia’s thriving tourism sector:
- Buy a Unit: Investors purchase individual hotel rooms, similar to owning a condominium.
- Hotel Management: A professional international management company operates the properties under the “Hotel101” brand.
- Revenue Sharing: Rental income from guests is pooled and distributed among unit owners, ensuring earnings even if your specific room is unoccupied.
- Proven Rental Returns: Hotel101’s international projects, such as in Madrid, Spain, have delivered stable yields, with an average ROI of 7.56% last year and occupancy above 82%.
- Capital Appreciation: Investors can benefit from potential property value growth as Cambodia’s tourism and real estate markets expand.
- Flexible Usage: Owners receive 10 complimentary nights per year, 5 nights in their own unit’s hotel and 5 nights at any Hotel101 location globally.
Why Invest in Hotel101 Cambodia?
- Affordable entry price compared to traditional hotel investments
- Hands-off ownership with fully managed operations
- Transparent revenue-sharing system
- Exposure to Cambodia’s booming tourism market
- Backed by Hotel101’s proven international track record
Hotel101’s expansion into Cambodia, following successful ventures in Japan, the United States, Spain, and Saudi Arabia, underscores its innovative approach to hospitality and real estate, led by founder Edgar “Injap” Sia II.
Pre-register your interest now at realestate.com.kh to secure the best price and seize this opportunity for passive income and long-term growth in one of Southeast Asia’s most dynamic markets!
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