DoubleDragon sustains strong momentum for Hotel101-Madrid

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June 12, 2026 | 12:00am

MANILA, Philippines — Hotel101 Global Inc., the Nasdaq-listed subsidiary of DoubleDragon Corp., has sustained strong momentum for its first operational international property, with the company’s hotel in Spain generating over $2.3 million, or about P141 million, in recurring room revenue alone in the past 30 days.

 DoubleDragon said the 680-room Hotel101-Madrid has achieved several full-occupancy performances in recent weeks, underscoring strong and sustained market demand since its opening on March 10.

The company said the hotel once again reached 100 percent occupancy on June 10, with daily total recurring room revenues continuing to increase compared to the daily revenues in its first month of operations.

“This solidifies the continued growth in recurring room demand at the 680-room Hotel101 in Madrid as room bookings continue to surge,” DoubleDragon said.

At this point, DoubleDragon believes that the Hotel101 global prototype has now been polished and calibrated, and is now ready to hyperscale toward the goal of making Hotel101 the largest single-brand hotel chain in the world.

Hotel101 Global’s vision is to develop one million standardized rooms across 100 countries.

The global expansion of Hotel101 is expected to eventually become one of the major sources of dollar inflows into the Philippine economy.

DoubleDragon said gone are the days when Philippine companies bring in foreign brands and concepts to the country, or copy what works abroad to the local market.

It said developing a truly unique and differentiated branded business model in the Philippines and then exporting it to the rest of the world would have a far larger and lasting positive impact to the economy.

“This latest extraordinary performance of Hotel101’s global prototype further positively reinforces DoubleDragon Corp.’s overall outlook and strong conviction toward its set DD Vision 2035,” DoubleDragon and Hotel101 founder Edgar “Injap” Sia II said.

“In the past years of my entrepreneurial journey, our team and I were able to deeply gain and learn multi-dimensional and complex business experiences that we believe are now sufficient to enable us to push forward towards DD’s 2035 Vision,” he said.

DoubleDragon aims to grow its total revenues from P27.9 billion in 2025 to P500 billion by 2035.

The company also seeks to exceed P50 billion in net income by 2035.