DoubleDragon’s subsidiary Hotel101 Global completes the land purchase in Madrid

DoubleDragon’s subsidiary Hotel101 Global on October 31, 2023 has received all the pertinent executed land purchase documents and made the full complete payment for the purchase of the 6,593 square meters of prime commercial land in Madrid, Spain.

Following completion of the land purchase Hotel101 Global has taken full possession of the prime land in Valdebebas, Madrid, located in Avenida Fuerzas Armadas, Valdebebas which is surrounded by major landmark buildings and is about 3 minutes’ walk to the Valdebebas Train Station, 4 minutes’ walk to IFEMA convention complex, 5 minutes’ walk to Real Madrid Sports Complex, and around 7 minutes to the new Madrid Barajas International Airport.

Hotel101-Madrid Spain is expected to be completed in Q4 2025.

Robust condotel sales revenue of about €143.3 Million Euros (₱8.8 Billion Pesos) is expected to be generated from the Hotel101-Madrid project.

The Golden Visa processing and advisory fee that costs about 6,000 EURO will be Free of Charge for those who will purchase 3 Hotel101 units in Madrid Spain from the start of the unit pre-selling until December 31, 2023 or until the units are fully sold out, whichever comes first.