DoubleDragon Corporation's Hotel 101-Madrid Construction Contract Awarded to Ferrovial Construction Group

On March 13, 2024, the DoubleDragon's 680-room Hotel101-Madrid completed two milestone events on the same day: it held its ground-breaking ceremony and signed the construction contract with Ferrovial Construction in Valdebebas, Madrid, Spain.​

The ground-breaking ceremony was attended by Rocio Albert Lopez-Ibor, Minister of Economy, Finance, and Employment for the Region of Madrid in Spain, and Philippe J. Lhuillier, Philippine Ambassador to Spain.

Hotel101-Madrid's activities were led by DoubleDragon Chairman Edgar Injap Sia II, Hotel101 CEO Hannah Yulo-Luccini, and DoubleDragon Co-Chairman Tony Tan Caktiong.

The milestone event was also attended by Ferrovial Construction Group officers, including Juan Luis Junguito Oppelt, Director Region Centro of Ferrovial; Belen Marquina Susin, Directoria Edificacion Madrid of Ferrovial; Manuel Angel Sanz Pecharroman, Jefe de Grupo de Obras of Ferrovial; and Equicom Group Chairman Antonio L. Go.

Ferrovial is one of Spain's largest construction companies, and it is set to begin full-scale construction in April 2024, with completion scheduled for Q4 2025, and opening just in time for the start of the Madrid F1 Grand Prix, which is located right next to Hotel101-Madrid.

The 680-room Hotel101-Madrid project is set to become one of the top 5 largest hotels in Madrid, Spain, and is located in a 6,593 square-meter prime commercial property recently purchased by Hotel101 located along Avenida Fuerzas Armadas, Valdebebas, Madrid, which is surrounded by major landmark buildings and is about 3 minutes walk to the Valdebebas Train Station, 4 minutes walk to the IFEMA convention complex, 5 minutes walk to the Real Madrid Sports Complex, and around 7 minutes

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