DoubleDragon Corporation's subsidiary, Hotel101 Global Holdings Corp., has officially opened Hotel101-Madrid , marking a historic milestone as the first Filipino homegrown hotel brand to operate overseas. Located in the vibrant Valdebebas district of Madrid, the 680-room hotel is strategically positioned near the Madrid-Barajas International Airport, the Ciudad Real Madrid training complex, and the new Formula 1 Madrid Grand Prix circuit.
The hotel offers a range of amenities, including the signature "HappyRoom" units equipped with kitchenettes, swimming pools, a business centre, and the all-day dining restaurant HBNB Kitchen, operated by Grupo La Sucursal. With its prime location and modern facilities, Hotel101-Madrid aims to cater to both leisure and business travellers seeking affordable, high-quality accommodations in Spain's capital.
The opening of Hotel101-Madrid is a significant step in DoubleDragon's global expansion strategy, as it begins to capture foreign currency recurring revenue from its operations overseas. The hotel is now open for bookings via the Hotel101 App and various hotel booking platforms.
Hotel101 Global, listed on the Nasdaq Stock Exchange, plans to expand its unique "condotel" business model globally, with a long-term goal of operating 1 million rooms in 100 countries. This expansion is expected to be driven by joint ventures and licence agreements with local developers worldwide
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