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Manila Bulletin devider Business devider The Stock Market devider DoubleDragon's Hotel101 targets ₱5.8 billion in Milan condotel venture

DoubleDragon's Hotel101 targets ₱5.8 billion in Milan condotel venture

Published Dec 1, 2025 02:13 am
(At the 1.4 hectare Hotel101-Milan, Italy site: DoubleDragon Corporation Chairman Edgar “Injap” Sia II with Hotel101 Global CEO Hannah Yulo-Luccini, CDO Catherine Chan, Director for Strategic Partnerships Europe Carlo Paguio and Mario Berta)
(At the 1.4 hectare Hotel101-Milan, Italy site: DoubleDragon Corporation Chairman Edgar “Injap” Sia II with Hotel101 Global CEO Hannah Yulo-Luccini, CDO Catherine Chan, Director for Strategic Partnerships Europe Carlo Paguio and Mario Berta)
Hotel101 Global Holdings Corp., the Nasdaq-listed subsidiary of DoubleDragon Corp., expects to generate €85.8 million (₱5.83 billion) in revenue from its first venture in Milan, Italy.
In a statement on Sunday, Nov. 30, DoubleDragon announced that Hotel101 has signed a definitive, binding joint venture agreement to develop a 429-room Hotel101 in San Donato Milanese, Milan, Italy. Hotel101-Milan is expected to sell its condotel units for €200,000 each.
“This expansion marks a significant milestone in the company's European growth strategy, bringing its novel, globally standardized ‘condotel’ business model to one of the world's most dynamic cities,” the company said.
The planned hotel is located about 8.4 kilometers southeast of the city’s top tourist attraction, Duomo di Milano, with high visibility along the Autostrada del Sole (A1). The A1 is the longest motorway in Italy, linking Milan to major Italian cities such as Bologna, Florence, Rome, and Naples.
The site is 7.1 kilometers from Linate Airport, Milan's primary airport for European flights, and four kilometers from the Metro Milano San Donato station. From the station, guests are expected to reach the historic Duomo di Milano directly via the M3 subway line in about 12 minutes.
DoubleDragon said the 1.4-hectare prime site positions the property as an ideal gateway for leisure and business travelers seeking seamless access to Milan's cultural and commercial hubs. It added the venture will complement existing hotel offerings.
Hotel101-Milan is part of Hotel101 Global’s global expansion strategy, which includes its first three overseas projects under development in Niseko, Japan; Madrid, Spain; and Los Angeles, U.S. The company also operates affiliate Hotel101 hotels in the Philippines.
Hotel101-Milan is expected to be completed by 2028. The firm anticipates the project will contribute to Milan’s economic growth through job creation, foreign investment, and increased tourism, while attracting both local and foreign buyers.
The hotel is expected to offer 4-star amenities at affordable prices. Consistent with Hotel101’s global offerings, guests will enjoy modern rooms, 24/7 reception, all-day dining, a 25-meter lapping pool, a full-size gym, a business center, function rooms, a children’s playground and pool, ample parking, luggage storage, and other amenities.

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