Hotel101 is pleased to announce the successful issuance of the third (3rd) batch of Golden Visas to unit owners of Hotel101-Madrid. This follows the previous two batches of Golden Visas which Hotel101 has opted to announce the first 3 (three) batches of Golden Visa to Hotel101-Madrid unitowners.
With these initial three batches successfully issued by the Government of Spain to Hotel101-Madrid Unit owners, Hotel101 Global expects the succeeding Golden Visa issuances to Hotel101-Madrid unit owners to just flow consistently with new batches of releases expected every few weeks at an even faster pace since Hotel101 has already proven to be a highly suitable Golden Visa investment compliance.
This additional 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 makes a substantial investment in Spain such as buying a real estate asset worth 500,000 EURO. Golden Visa applicants have to purchase 3 (three) Hotel101-Madrid units each to comply with the investment requirements.
The Hotel101 business model and concept happens to be a perfect solution for the Golden Visa host country and its investors. When buying a Hotel101 unit, it does not create a negative impact of reducing their local housing inventory, and at the same time comes as a perfect solution too for the Golden Visa applicants, as the Hotel101 investment does not require them to carry the hassle of maintaining a house or apartment abroad.
The first three Hotel101 overseas projects are expected to generate inflows of US$471 Million (Php27.2 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 the Hotel101 Global’s One (1) Million operating hotel rooms global target by 2050, 50,000 are intended to be in the Philippines, which is expected to further cement the position of DoubleDragon’s Hotel101 to become the largest hotel company in the Philippines and simultaneously become one of the Top 5 hotel companies in the world.
The asset-light Hotel101 unique and novel concept with one type of room all throughout its ecosystem at an average of about 500 rooms per site, allows DoubleDragon to generate revenue and income twice — first from the preselling of the Hotel101 units, then second, after the project is constructed it generates recurring revenues from its hotel operations.
Hotel101 adopts dynamic pricing on its room rates via the Hotel101 Global App where its room price moves up and down depending on the real-time supply and demand on the chosen date of booking.
DoubleDragon happens to be one of the very few Philippine companies that has not only positioned a diversified hard asset portfolio spread out across the Philippines, but it also happens to be one of the very few that has organically developed a novel asset-light concept and highly unique business model in Hotel101 (HBnB) that is portable and exportable to other continents globally. The global expansion of Hotel101 is expected to eventually become one of the major US Dollar inflow generators to the Philippines.
