DOUBLEDRAGON Corp.’s hospitality subsidiary, Hotel101 Global Holdings Corp., on Tuesday officially opened Hotel101-Madrid, its first European project and also the first Filipino homegrown hotel brand to operate outside the Philippines.
The 680-room hotel, located in the Valdebebas district of Madrid next to the Ciudad Real Madrid training complex and near the new Formula 1 Madrid Grand Prix circuit, is expected to contribute recurring revenue to Hotel101 Global’s expansion strategy.
“Hotel101-Madrid represents a historic milestone for us as the first Filipino homegrown hotel to operate overseas,” DoubleDragon Chairman Edgar Sia II said.
“It positions Hotel101 as a competitive global player while generating meaningful US dollar inflows for the Philippine economy,” he added.
Hotel-101 Madrid is also strategically positioned close to Madrid-Barajas International Airport, the Ifema convention center and the city center, aiming to serve both business and leisure travelers, the company said.
It offers the brand’s signature “HappyRoom” units with kitchenettes and features four-star amenities that include swimming pools, function rooms, a business center, a gym, dining options and over 200 parking spaces.
Hotel101 Global, listed on Nasdaq under the ticker HBNB and with a market capitalization of around $1.9 billion as of March 9, 2026, uses an asset-light, prop-tech model that generates revenue from pre-selling units during construction and from daily hotel operations.
The company’s long-term goal is to operate one million rooms in 100 countries via joint ventures and licensing agreements with local developers.
DoubleDragon, which has built over 1.5 million square meters of properties across the Philippines, said Hotel101’s international expansion was part of a strategy to export homegrown business models.
DoubleDragon shares on Tuesday inched up P0.01, or 0.11 percent, to close at P9.30 each.
