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, according to Philstar Biz.
The Madrid property, branded as Hotel101, represents DoubleDragon's expansion beyond the Philippines into the European market. The company has been positioning its affordable hotel concept as a scalable global brand, with plans for additional locations in other countries.
The revenue milestone underscores the demand for standardized, budget-friendly accommodations in key travel destinations. DoubleDragon's strategy includes leveraging its real estate expertise to replicate the Hotel101 model internationally, targeting both business and leisure travelers.