Hotel101 is pleased to announce the successful issuance of the third batch of Golden Visas to unit owners of Hotel101-Madrid. This follows the previous two batches, bringing the total number of Golden Visas issued to Hotel101-Madrid unit owners.
With these initial three batches successfully issued by the Government of Spain, Hotel101 Global expects the succeeding Golden Visa issuances to continue at a consistent and accelerated pace. Hotel101 has proven to be a highly suitable investment for Golden Visa compliance, with new batches of releases expected every few weeks.
This milestone is expected to significantly boost Hotel101 Global’s unit sales revenue, attracting buyers from around the world.
A Golden Visa for Spain, officially known as the Spain Investor Visa, is a residence permit issued to non-European citizens who make a substantial investment in Spain, such as buying real estate assets worth €500,000 or more. Golden Visa applicants are required to purchase three Hotel101-Madrid units to comply with the investment requirements.
The Hotel101 business model is a perfect solution for both the Golden Visa host country and its investors. By purchasing a Hotel101 unit, investors do not negatively impact the local housing inventory. At the same time, it provides a hassle-free investment for Golden Visa applicants who do not want the burden of maintaining a property abroad.
The first three Hotel101 overseas projects are expected to generate inflows of US$471 million (PHP 27.2 billion) in foreign currency revenues to DoubleDragon. Hotel101 Global expects to complete and fully sell out all its units in Madrid, Spain and Niseko, Hokkaido, Japan ahead of schedule.
Out of Hotel101 Global’s ambitious target of one million operating hotel rooms globally by 2050, 50,000 are intended to be in the Philippines. This is expected to further cement DoubleDragon’s Hotel101 as the largest hotel company in the Philippines and position it as one of the top 5 hotel companies in the world.
The asset-light Hotel101 concept features one standard room type throughout its ecosystem, with an average of about 500 rooms per site. This allows DoubleDragon to generate revenue twice: first, from the pre-selling of Hotel101 units, and second, from recurring revenues generated through hotel operations.
Hotel101 adopts dynamic pricing on its room rates via the Hotel101 Global App, where room prices fluctuate based on real-time supply and demand.
DoubleDragon is one of the few Philippine companies with a diversified hard asset portfolio across the Philippines. It has also organically developed a unique, asset-light, and exportable business model in Hotel101, which is poised for global expansion.
The global expansion of Hotel101 is expected to become a major source of US dollar inflow to the Philippines.