Hotel101-Madrid site acquired
Brian Ong, CGSP
Head of Public Relations at HOTEL101 Group | Masters in Communication, Major in Public Relations and Corporate Communication student [email protected]
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TODAY: HOTEL101 GLOBAL BUYS A 6,594 SQ.M. PRIME COMMERCIAL LAND IN MADRID SPAIN
April 27, 2023; DoubleDragon's subsidiary Hotel101 Global Pte Ltd signed a Binding Agreement for the purchase of 6,593 square meters of prime commercial land in Madrid, Spain.
Hotel101-Madrid will have about 736 rooms and will be the first Hotel101 development in Europe.
Hotel101-Madrid is set to become one of the Top 5 largest hotels in Madrid, Spain.
Hotel101-Madrid is set to be the very first homegrown Filipino hotel chain to enter Spain.
DoubleDragon's vision for Hotel101 to become world-class in all standards and create job opportunities to Filipinos who reside in the Philippines or abroad, and bring a pinch of pride and honor to each and every Filipino from anywhere around the world where Hotel101 will eventually locate and operate.
Robust condotel sales revenue of about €143.3 Million Euros (?8.8 Billion Pesos) is expected to be generated from the Hotel101- Madrid project given the high real estate investment demand in Madrid driven by the Spanish Golden Visa.