Second Batch of Golden Visas (GV) Officially Issued to DoubleDragon's Hotel101-Madrid Unit Owners

DoubleDragon's Hotel101 announced that the second batch of Golden Visas (GV) was received by the Hotel101 Madrid unit owners in less than 60 days.

This additional milestone is expected to further materially increase the unit sales revenue of Hotel101 Global from unit buyers in various parts of the world

The first three Hotel101 overseas projects are expected to generate inflows of US$471 Million (Php27.2 Billion) in foreign currency revenues to DoubleDragon

Out of the Hotel101 Global’s One (1) Million operating hotel rooms global target by 2050, 50,000 are intended to be in the Philippines, which is expected to further cement the position of DoubleDragon’s Hotel101 to become the largest hotel company in the Philippines and simultaneously become one of the Top 5 hotel companies in the world

The asset-light Hotel101 unique and novel concept with one type of room all throughout its ecosystem at an average of about 500 rooms per site, allows DoubleDragon to generate revenue and income twice -- first from the preselling of the Hotel101 units, then second, after the project is constructed, it generates recurring revenues from its hotel operations

Hotel101 adopts dynamic pricing on its room rates via the Hotel101 Global App where its room price moves up and down depending on the real-time supply and demand on the chosen date of booking.

The construction of Hotel101-Madrid Spain is being undertaken by Ferrovial Construcción. Ferrovial is one of the largest construction companies in Spain.

The 680-room  Hotel101-Madrid is slated for completion by the end of next year 2025, just in time for the first Formula 1 Grand Prix race to be held adjacent to Hotel101-Madrid, Spain. Hotel101-Madrid is also set to be the one of the largest hotels in Europe, and slated to be the first Hotel101 to operate outside of the Philippines, and to be followed by Hotel101 in Niseko, Hokkaido Japan, and Hotel101 in Los Angeles California USA.

You may also read related article: First Batch of Unit Owners of DoubleDragon's Hotel101-Madrid have been Officially Issued their Golden Visas