By Victoria “NIKE” De Dios
After its successful overseas venture in Hokkaido, Japan, another visionary project is now in the pipeline as Double Dragon’s subsidiary Hotel101 Global continuous overseas expansion.
The recent acquisition of 6,593 square meters of prime commercial land in Madrid, Spain is an indication that Hotel101 Global is bullish on their expansion.
Eyening about 736 rooms and will be the first Hotel101 development in Europe, 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.
