LISTED property developer DoubleDragon Corp. said Hotel101-Madrid recorded greater than €100,000 (roughly P7.18 million) in single-day room revenues after reaching 100% occupancy on May 19, which the corporate said reflects strong demand for the property.
In a press release on Tuesday, DoubleDragon said the record performance highlighted the “accelerating momentum” of the 680-room Hotel101-Madrid, the primary Hotel101-branded property operating outside the Philippines, which officially opened in March 2026.
“This record single-day performance at 100% occupancy provides support for demonstrable, strong demand for the property and illustrates the property’s potential to generate substantial recurring revenues,” the corporate said.
DoubleDragon said greater than 80% of guests got here from Europe, North America, and Latin America.
Hotel101-Madrid serves as the worldwide prototype for Hotel101 Global and is predicted to support the corporate’s international expansion plans because it rolls out its standardized hotel model in other markets.
The corporate goals to develop a million standardized hotel rooms across 100 countries as a part of its plan to change into the world’s largest single-brand hotel chain.
Hotel101-Madrid is positioned on a 6,593-square-meter site in Valdebebas, near the IFEMA convention complex and Madrid-Barajas Airport.
The hotel has also been designated as an official partner property for the Formula 1 Spanish Grand Prix from 2026 to 2035 under an agreement with MATCH Hospitality Europe.
DoubleDragon plans so as to add 2,229 hotel rooms in 2026 across several projects, including developments in Davao and Cebu, in addition to the 482-room Hotel101-Niseko in Japan, which is scheduled to open in December.
The corporate said its existing local properties, Hotel101-Manila and Hotel101-Fort, proceed to post high occupancy rates that contribute to recurring revenues.
Hotel101 operates under an asset-light business model, which focuses on expanding through standardized hotel developments while limiting capital tied to property ownership and operations.
Shares in DoubleDragon closed unchanged at P9.78 each on Tuesday. — Alexandria Grace C. Magno