DoubleDragon Corp. announced that its subsidiary Hotel101 Global Inc. has seen strong early booking performance for its newly opened 680-room Hotel101-Madrid, signaling momentum in its overseas expansion.
Since opening bookings, the Madrid property has generated over 45,000 hotel night bookings, translating to €5.44 million (about P387 million) in revenues, the company said in a disclosure.
Hotel101-Madrid, which began operations in March 2026, is DoubleDragon's first operational international property, marking a milestone in the parent company'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, including the airport, IFEMA convention center, and the Real Madrid Sports Complex.
The company said the robust start reflects high occupancy levels, positioning the hotel as a key contributor to recurring revenues from the firm's European operations. DoubleDragon said 2026 would mark a turning point as it begins generating high volumes of recurring revenues across its portfolio, including community malls, industrial warehouses, office leasing, and hospitality assets.
The group is set to open 2,229 additional hotel rooms this year, including projects in Davao, Cebu, and Niseko, Japan. 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.