DoubleDragon bringing Hotel101 to Milan

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December 1, 2025 | 12:00am

MANILA, Philippines — DoubleDragon Corp., the listed property developer owned by Edgar “Injap” Sia II and Tony Tan Caktiong, is bringing Hotel101 to Italy as part of the hospitality platform’s aggressive international expansion.

DoubleDragon subsidiary Hotel101 Global Holdings Corp. has signed a joint venture with definitive binding agreements for the development of a Hotel101 in San Donato Milanese, Milan.

Hotel101-Milan, which will have about 429 rooms, is expected to generate approximately 85.8 million euros (P5.8 billion) in sales revenue once fully sold based on an expected sale price of 200,000 euros.

DoubleDragon said that the hotel is located on a 1.4-hectare prime site which positions the property as an ideal gateway for leisure and business travelers seeking access to Milan’s cultural and commercial hubs.

It will offer four-star amenities at affordable prices, consistent with Hotel101’s offerings across its locations globally.

The development, which is subject to customary national, regional and municipal regulatory approvals, also aligns with Hotel101 Global’s commitment to sustainable urban hospitality, incorporating energy-efficient designs, solar panels and community-integrated amenities.

Eyed for completion by 2028, Hotel101-Milan is expected to contribute to Milan’s economic growth through job creation, foreign investment and increased tourism, while attracting both local and foreign buyers under Hotel101’s hotel unit ownership model.

“This expansion marks a significant milestone in the company’s European growth strategy, bringing its novel globally standardized condotel business model to one of the world’s most dynamic cities,” DoubleDragon said.

Hotel101-Milan forms part of Hotel101 Global’s global expansion strategy, which includes its first three overseas projects under development in Niseko (Japan), Madrid (Spain) and Los Angeles (US).

Hotel101 also signed in May an agreement with Saudi Arabia’s Horizon Group to, subject to additional contract, establish a joint venture for the development of up to 10 hotels in Saudi Arabia.

Overall, Hotel101 targets to operate one million rooms across 100 countries worldwide, with an initial 25 identified priority countries for the medium term.

Hotel101 is an asset-light, prop-tech hospitality platform pioneering a global standardized condotel business model.

Hotel101 Global is listed on the Nasdaq Stock Exchange and has a market capitalization of around $1.9 billion as of Nov. 27, 2025.