Hotel101 Global Holdings Corp. (NASDAQ Ticker: HBNB) (“Hotel101” or “Hotel101 Global”), a leading asset-light, prop-tech hospitality platform pioneering a global standardized “condotel” business model listed on the Nasdaq Stock Exchange and a subsidiary of Philippine-listed DoubleDragon Corporation (PSE Ticker: DD), announces a joint venture with definitive binding agreements signed for the development of an approx. 429-room Hotel101 in San Donato Milanese, Milan, Italy.
(Site location of Hotel101-Milan, Italy set to have approx. 429 rooms)
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 hotel is expected to be in the vibrant community of San Donato Milanese, home to ENI headquarters and located approximately 8.4 kilometers southeast of the Duomo di Milano with high visibility along the Autostrada del Sole (A1), the longest motorway in Italy that links Milan to other major Italian cities such as Bologna, Florence, Rome and Naples. This 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 and will complement the existing hotel offerings in the area which includes, among others, the neighboring 436 room 4-star hotel Crowne Plaza Milan Linate as well as the nearby Novotel Milano Linate Airport and Best Western Hotel.
Key Location Advantages:
• Proximity to Linate Airport (LIN): Approximately 7.1 kilometers (7 minutes drive) away, Hotel101-Milan is expected to offer quick and efficient transfers to Milan’s primary airport for European flights, which serviced approx. 10.6 million passengers in 2024.
• Connectivity to Metro Milano San Donato: Approximately 4 kilometers (5 minutes drive) from the metro station, guests are expected to reach the historic Duomo di Milano via the M3 subway line directly in about 12 minutes by train. This efficient public transport link is expected to ensure easy exploration of Milan’s UNESCO-listed cathedral square, Galleria Vittorio Emanuele II and surrounding fashion and cultural districts.
(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-Milan is expected to generate approx. EUR85.8 million in sales revenue once fully sold based on an expected sale price of EUR200,000, forming 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, USA as well as affiliate Hotel101 hotels in the Philippines. Hotel101-Milan is expected to be completed by 2028 and is expected to contribute to Milan’s economic growth through job creation, foreign investment and increased tourism, while attracting both local and foreign buyers under Hotel101’s hassle-free hotel unit ownership model.
Hotel101-Milan is expected to offer 4-star amenities at affordable prices. Consistent with Hotel101’s offerings across its locations globally, guests are expected to be able to enjoy modern rooms, 24/7 reception, all day dining, 25 meter lapping pool, full-size gym, business center, function rooms, children’s playground and pool, ample parking, luggage storage and other amenities.
The project aligns with Hotel101 Global’s commitment to sustainable urban hospitality, incorporating energy-efficient designs, solar panels and community-integrated amenities.
The development is subject to customary national, regional and municipal regulatory approvals.
Milan is the financial center of Italy.
(Perspective of Hotel101-Milan, Italy set to have approx. 429 rooms)
