Hotel101-Madrid posts record-high revenues in October

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November 4, 2026 | 12:00am

MANILA, Philippines — DoubleDragon Corp. continues to enjoy strong demand for its first Hotel101-branded property outside the Philippines, posting record-high revenues in October.

Hotel101-Madrid, which opened in March 2026, generated recurring hotel revenues of €2.93 million or about P209 million in October.

The hotel’s average occupancy for the month was 97.41 percent.

Hotel101-Madrid is a 680-room hotel in Madrid, Spain.

“This record performance reflects the continued momentum and exceptionally strong demand for Hotel101-Madrid,” Hotel101 Global Holdings Corp., the Nasdaq-listed subsidiary of DoubleDragon, said.

“The company believes the results provide clear evidence of robust underlying demand in a major European market and demonstrate Hotel101-Madrid’s ability to generate recurring revenues at scale,” it said.

Hotel101 Global said the property’s October performance is indicative of Hotel101’s potential to contribute meaningful annual recurring hotel revenues.

It further validates the company’s asset-light, prop-tech hospitality model and its emphasis on long-term, recurring revenue generation across the Hotel101 global portfolio.

Hotel101-Madrid’s performance also supports replicating the Hotel101 business model through joint ventures and, in the future, license agreements.

Hotel101 Global’s long-term vision is to develop one million standardized rooms across 100 countries.