In a disclosure to the Philippine Stock Exchange, the firm said its subsidiaries DDPC Worldwide Pte. Ltd. and Hotel101 Worldwide Private Limited have executed and paid the required payment deposit in the sales contract for the purchase of a prime 9,000 square meters land for its first international Hotel101 development.The upcoming Hotel101 – Niseko is expected to be patronized by local domestic travelers in Japan, and foreign tourists from other countries.
Niseko is famous worldwide for its powder snow and Kutchan Town where the property is located is one of the foremost areas of heavy snowfall reaching 13 meters on average with some of the driest and lightest snow in the world. Hokkaido is the northmost island of Japan. During the summer Hokkaido stays cool with average temperatures of about 20 degrees celsius and is famous for its stunning nature scenes, panoramic flower fields and hot springs.
The concept patent of Hotel101’s pioneering condotel concept has already been filed and the Hotel101 trademark and country specific domains have been secured in various countries globally.
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