Hotel101 Global, a unit of listed property developer DoubleDragon Corp., said it has issued the third batch of Golden Visas to unit owners of Hotel101-Madrid.
Spain’s Golden Visa program grants residency to non-European Union citizens investing a minimum of EUR500,000 in real estate, and Hotel101’s business model has proven to be an ideal match for investors seeking this opportunity. Each applicant must purchase three units in Hotel101-Madrid to meet the program’s requirements.
The Golden Visa program has already shown promising results, significantly boosting Hotel101 Global’s unit sales and attracting global buyers. The success of the initial batches is expected to further accelerate as new releases are anticipated every few weeks. The model offers a unique advantage for investors, providing both a sound investment and the convenience of a hassle-free property ownership experience, with no impact on local housing inventories.
Hotel101’s asset-light model, offering hotel units that generate revenue twice—once from preselling and again from hotel operations—has proven highly successful.
With a goal of reaching one million hotel rooms globally by 2050, Hotel101 aims to become one of the world’s largest hotel chains, driving significant foreign currency inflows to the Philippines.
DoubleDragon has reported a 5.2 percent increase in net income in the January-September period, hitting P1.51 billion and a 4.5 percent growth in revenue to P6.43 billion in the same period.
