On Wednesday, March 13, 2024, the 680-room Hotel 101 - Madrid has progressed with two milestone activities on the same day as it conducts its groundbreaking ceremony and signs the construction contract with Ferrovial Construction at Valdebebas in Madrid, Spain.
The groundbreaking ceremony was graced by the Minister of Economy, Finance, and Employment of the Region of Madrid, Spain Rocio Albert Lopez-Ibor, and the Philippine Ambassador to Spain Philippe J. Lhuillier.
Both activities of Hotel 101 - Madrid were led by DoubleDragon Chairman Edgar Injap Sia II, Hotel 101 CEO Hannah Yulo-Luccini, and DoubleDragon Co-Chairman Tony Tan Caktiong.
The milestone event was also graced by the officers of Ferrovial Construction Group represented by Juan Luis Junguito Oppelt, director of Region Centro of Ferrovial; Belen Marquina Susin, director of Edificacion Madrid of Ferrovial; Manuel Angel Sanz Pecharroman, Jefe de Grupo de Obras of Ferrovial; and Antonio L. Go, Equicom group chairman.
Ferrovial, one of the largest construction companies in Spain, is set to commence full swing construction of Hotel 101 - Madrid this April 2024. It is scheduled to be fully completed by Q4 2025, opening just in time for the start of the Madrid F1 Grand Prix, which happens to be located right beside Hotel 101 - Madrid.
The 680-room Hotel 101 - Madrid project is set to become one of the top five largest hotels in Madrid, Spain, and is located within a 6,593-sqm prime commercial property recently purchased by Hotel 101 located along Avenida Fuerzas Armadas in Valdebebas, Madrid. The area is surrounded by major landmark buildings and is about three minutes walk to the Valdebebas Train Station, four minutes walk to IFEMA convention complex, five minutes walk to Real Madrid Sports Complex, and around seven minutes to the new Madrid Barajas International Airport.
