DoubleDragon’s hospitality unit Hotel101 Global has moved a step closer to completing its expansion in Spain following the close of its land deal for Hotel101-Madrid Spain.
Hotel101-Madrid Spain is expected to be completed in the fourth quarter of 2025, with an estimated condotel sales revenue of P8.8 billion.
The goal is to be in these first 25 countries by 2026: the Philippines, Japan, Spain, US, United Kingdom, UAE, India, Thailand, Malaysia, Vietnam, Indonesia, Saudi Arabia, Singapore, Cambodia, Bangladesh, Mexico, South Korea, Australia, Canada, Switzerland, Turkey, Italy, Germany, France and China, Hotel101 Global said.
“Eventually, when you stay in any Hotel101, no matter what country you are in, for the first time you will know exactly what to expect,” he said. “Hotel101’s asset-light concept allows DoubleDragon to generate revenue and income twice: first, from the pre-selling of the condotel units, then second, after the project is constructed, it generates long-term recurring revenue from the enrolled units in operating the hotel,” Sia said.
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