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DoubleDragon’s subsidiary Hotel101 Global acquires 6,593 square meters of prime commercial land in Madrid Spain
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.
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
Madrid – 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.
The Hotel101 Madrid site in Avenida Fuerzas Armadas, Valdebebas, Madrid is surrounded by major landmark buildings. 3 minutes walk to the Valdebebas Train Station, 4 minutes walk to IFEMA convention complex, 5 minutes walk to Real Madrid Sports Complex, and around 7 minutes to the new Madrid Barajas International Airport.
Artist Perspective of Hotel101–Madrid in Valdebebas, Madrid, Spain
Hotel101-Madrid will have about 736 rooms and will be the first Hotel101 development in Europe. The usual Hotel101 facilities will also be available in Hotel101-Madrid, such as an All Day Dining restaurant (concessionaire-operated), a Business Center, Swimming Pool, and a Fitness Gym as well as commercial space for a 24-hour convenience store.
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.
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Read: 10 Affordable Metro Manila Hotels With a Swimming Pool
DoubleDragon’s subsidiary Hotel101 Global acquires 6,593 square meters of prime commercial land in Madrid Spain
Melo Villareal
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