DoubleDragon’s subsidiary, Hotel101 Global, has successfully acquired a prime commercial land in Madrid, Spain, spanning 6,593 square meters. The acquisition was finalized with the completion of all relevant land purchase documents and full payment.
With the land purchase concluded, Hotel101 Global now has complete ownership of the valuable property situated in Valdebebas, Madrid. This strategic location is on Avenida Fuerzas Armadas, Valdebebas, Madrid, and is surrounded by prominent landmarks. It is conveniently situated just a 3-minute walk from the Valdebebas Train Station, a 4-minute walk to the IFEMA convention complex, a 5-minute walk to the Real Madrid Sports Complex, and approximately 7 minutes from the new Madrid Barajas International Airport.
The construction of Hotel101-Madrid Spain is projected to be finalized in the fourth quarter of 2025. This development is expected to yield robust condotel sales revenue, estimated at around €143.3 million Euros (₱8.8 billion Pesos).
Additionally, the Golden Visa processing and advisory fee, which typically costs approximately 6,000 Euros, will be waived for those who purchase a minimum of three Hotel101 units in Madrid, Spain. This special offer is available during the unit pre-selling period and will be applicable until December 31, 2023, or until all units are sold out, whichever comes first.
(Please see attached previous recent disclosures about Hotel101-Madrid Spain project)
(Location Map of Hotel101-Madrid Spain)
(Perspectives of Hotel101-Madrid Spain)
TODAY10.10.23:HOTEL101OPENSITSGLOBALSALESHUBAND GLOBAL CORPORATE OFFICE IN SINGAPORE
DoubleDragon has acquired a prestigious office space situated on the 4th floor of the PLUS Building, 20 Cecil Street, in the vibrant Raffles Place area of Singapore. This space will serve as the Global Corporate Office for Hotel101 Global Pte Ltd. Additionally, the Global Sales Hub is conveniently located within the same building, occupying the Ground Floor of the PLUS Building.
Starting today, visitors to the Hotel101 Global Sales Hub in Singapore can enjoy complimentary Filipino Blend Coffee. To partake in this offer, simply download the free Hotel101 Global Booking App.*
*Terms and conditions apply.
Hotel101 Global Pte. Ltd., a subsidiary of DoubleDragon Corporation, marks the official commencement of operations at its Global Corporate Office and Global Sales Hub in Singapore.
DoubleDragon has acquired a prestigious office space on the 4th floor of the PLUS Building, located at 20 Cecil Street in the heart of Raffles Place, Singapore, to serve as the Global Corporate Office for Hotel101 Global Pte Ltd. Simultaneously, the Global Sales Hub is housed within the same building on the Ground Floor of the PLUS Building.
The Hotel101 Global Sales Hub in Singapore showcases the latest iteration of Hotel101’s signature 21-square-meter HappyRoom. This space is furnished with world-standard amenities, including a Queen bed and Single bed with Emma Sleep mattresses, smart lighting controlled through an Internet of Things (IoT) app using a single type of bulb, a 55-inch smart TV, a work desk, universal power outlets, electronic device charger ports, a kitchenette equipped with a refrigerator and microwave, and a contemporary pre-fabricated bathroom.
The new Hotel101 Global design prioritizes construction and operational efficiency, making the most of modular furniture and fixtures, as well as pre-fabricated bathrooms. Hotel101 is poised to establish itself as one of the most technologically advanced hotel chains, encompassing all facets of its value chain. The forthcoming version of the Hotel101 App is set to seamlessly integrate a fully automated self-check-in system with IoT capabilities.
Hotel101 has embraced the ‘banig,’ the traditional handwoven mat of the Philippines, as its signature aesthetic. Banigs have long been a place where Filipino families gather, forge enduring connections, and craft cherished memories. The banig embodies the essence of home, and this is precisely the sentiment we wish to evoke when you stay at Hotel101. The colors of the Hotel101 banig were thoughtfully selected to emanate joy and infuse a Filipino essence into every Hotel101 project across the globe. The modern Hotel101 banig was intricately designed by Artificial Intelligence (AI) to signify that Hotel101 will always remain at the forefront of technological advancements.
DoubleDragon Chairman Edgar Injap Sia II remarked, “If there is one hotel chain poised to maximize the potential of modern technology in the global hospitality arena, we firmly believe it’s Hotel101, thanks to its pioneering standardized signature 21 sqm HappyRooms and asset-light concept on a global scale.”
He added, “Ultimately, when you stay at any Hotel101, regardless of your location, you will know exactly what to expect.”
Hannah Yulo-Luccini, CEO of Hotel101 Global, explained, “The Hotel101 Global Corporate Office serves as the central hub for our team members based in various countries, as we assemble a proficient team to lead the expansion of the Hotel101 Unique and Asset-Light business model simultaneously in multiple countries.”
She extended an invitation, stating, “We encourage everyone to visit the Hotel101 Sales Hub on the Ground Floor of the PLUS Building in Singapore, and enjoy complimentary Filipino Blend Coffee. All it takes is downloading the free Hotel101 Global Booking App for entry.”
*Please note that these quotes are presented as direct speech from the original text, and the accuracy of these statements is preserved in the rephrased content.
1. Hotel101’sUniqueAsset-LightBusinessModel:
Hotel101’s innovative and groundbreaking hybrid condotel business model is characterized by its uniform room unit type across its global network, ensuring exceptional efficiency in construction and operation. The flexible and portable nature of the Hotel101 concept facilitates expansion and the creation of a standardized inventory worldwide through various approaches, including direct development, joint ventures, and licensing agreements.
Under the Asset-Light concept pioneered by Hotel101, DoubleDragon can generate revenue and income twice: initially through the pre-sale of condotel units, and subsequently, after project completion, it garners long-term recurring revenue from the operational condotel units.
Hotel101 rooms across the globe are deliberately designed to offer a consistent size and appearance, catering to the mid-range market. This uniformity streamlines the booking process, ensuring that guests have a clear understanding of what to expect at any Hotel101 location.
The concept patent for Hotel101’s pioneering condotel approach has already been filed, and the Hotel101 trademark and specific domains for various countries worldwide have been secured.
Furthermore, development is underway for the Hotel101 App, compatible with both Apple iOS and Android platforms, designed to efficiently function across multiple countries. Hotel101 employs dynamic pricing for its room rates, akin to the pricing mechanisms used for airline tickets. Room prices fluctuate based on real-time supply and demand dynamics for the selected booking date.
2. Hotel101 Overseas Expansion:
The initial trio of Hotel101 ventures will be established in Niseko, Hokkaido, Japan; Madrid, Spain; and California, USA. These pioneering international locations will serve as launchpads, propelling Hotel101’s expansion beyond these initial three countries and transforming it into a global brand with a genuinely distinctive business concept that can be implemented in over 100 countries.
The immediate expansion plan for Hotel101 Global Pte. Ltd. aims to cover the first 25 countries by 2026. These countries include the Philippines, Japan, Spain, USA, 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.
3. DoubleDragon’sFocus:
StrengtheningtheBase,PositioningGlobally.
The DoubleDragon team has set forth two clear and focused objectives. Firstly, they aim for DoubleDragon’s Philippine portfolio to reach its full maturity and attain peak revenue generation by 2025. Secondly, they aspire for DoubleDragon’s Offshore Hotel101 Global portfolio to establish a substantial foothold in international markets by 2025.
DoubleDragon Chairman Edgar Injap Sia II emphasized, “In light of the increasingly fragile and volatile global economy, we consider it vital to future-proof our organization by fervently pursuing the goal of deriving a diversified stream of revenue sources. Over the long term, our objective is to ensure that no single country contributes more than 10% of DD’s revenue and income.”
He further added, “However, it’s important to note that DoubleDragon Corporation remains deeply rooted as a Filipino company at its core, and our DD team is unwavering in its commitment to continue being a significant contributor to nation-building. Our common goal is to work towards a first-world Philippines.”
*to avail of the complimentary Filipino Blend coffee at the Hotel101 Global Sales Hub in Singapore, just download the free Hotel101 Global Booking App, available until further notice from 9:00am to 6:00pm Mondays to Saturdays
Today marks a significant milestone as Hotel101 Global, a subsidiary of DoubleDragon, acquires a prime commercial land spanning 6,593 square meters in Madrid, Spain.
Hotel101-Madrid is slated to feature approximately 736 rooms, marking the pioneering Hotel101 development in Europe. Notably, it is poised to rank among the top 5 largest hotels in Madrid, Spain.
This development heralds Hotel101 as the very first Filipino hotel chain to venture into the Spanish market, showcasing the brand’s global expansion.
The Hotel101-Madrid project is expected to generate robust condotel sales revenue, estimated at approximately €143.3 million Euros (₱8.8 billion Pesos). This is attributed to the high demand for real estate investment in Madrid, driven by the Spanish Golden Visa program.
