DoubleDragon Corporation’s subsidiary, Hotel101 Global Holdings Corp., has officially opened Hotel101-Madrid, marking a significant milestone as the first Filipino hotel brand to operate overseas. The hotel is situated in the vibrant Valdebebas district of Madrid, strategically located 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 wide range of amenities, including the signature “HappyRoom” units equipped with kitchenettes, swimming pools, a business center, and the all-day dining restaurant HBNB Kitchen, managed by Grupo La Sucursal. With its prime location and modern facilities, Hotel101-Madrid aspires to cater to both leisure and business travelers seeking affordable, high-quality accommodations in Spain’s capital.

The opening of Hotel101-Madrid is a pivotal step in DoubleDragon’s global expansion strategy, aimed at capturing foreign currency recurring revenue from its international operations. Bookings for the hotel are available through the Hotel101 App and various hotel booking platforms.

Listed on the Nasdaq Stock Exchange, Hotel101 Global plans to expand its unique “condotel” business model internationally, targeting to operate 1 million rooms in 100 countries. This expansion will likely be fueled by joint ventures and license agreements with local developers around the world.