Strong bookings lift Hotel101 Madrid
DoubleDragon Corp. said its subsidiary Hotel101 Global Inc. posted strong early booking performance for its newly opened 680-room Hotel101-Madrid. This signals momentum in its overseas expansion.
In a disclosure, the company founded by tycoons Tony Tan Caktiong and Edgar “Injap” Sia II said since opening bookings, the Madrid property has generated over 45,000 hotel night bookings.
This translates to 5.44 million euros (about P387 million) in revenues.
The company said the robust start reflects high occupancy levels. This positions the hotel as a key contributor to recurring revenues from the firm’s European operations.
Hotel101-Madrid, which began operations in March 2026, is DoubleDragon’s first operational international property. It marks a milestone in the parent’s global expansion strategy.
The property is also expected to benefit from its designation as the official hotel partner of the Formula 1 Spanish Grand Prix from 2026 to 2035, under an exclusive agreement.
Located in the Valdebebas area of Madrid, the hotel sits near key transport and commercial hubs. These include the airport, IFEMA convention center and the Real Madrid Sports Complex.
DoubleDragon said 2026 would mark a turning point as it begins generating high volumes of recurring revenues across its portfolio. These include community malls, industrial warehouses, office leasing and hospitality assets.
The group is set to open 2,229 additional hotel rooms this year. These include projects in Davao, Cebu and Niseko, Japan, further expanding its footprint.
The 482-room Hotel101-Niseko, scheduled to open in December 2026, will mark the company’s formal entry into the Japanese market.
DoubleDragon added that its Hotel101 platform, built on an asset-light model, is being positioned as a homegrown brand for export to international markets, with potential to generate significant US dollar inflows.
To support expansion, the group continues to tap capital markets in the Philippines and the United States as it works toward increasing its equity base to P500 billion.
