Hotel101 Madrid occupancy surge fuels DoubleDragon global push
The company disclosed 2026, that the 680-room Hotel101-Madrid reached 100 percent occupancy on June 10, its third month since opening on March 10, with all rooms sold out before the close of the day. The hotel has also recorded several full-occupancy performances in recent weeks, reflecting sustained demand for the property.
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Exclusive to the @BusinessMirror Acting @TourismPHL Secretary Ma. Bernadita Angara-Mathay w/ her new Undersecretaries after they took their oath of office on June 8, 2026: (from left) Stanley K. Ng, Majo Rivera-Guillermo, and Baba Jasmin. (Photo by Stella Arnaldo)
Milestone: Hotel101-Madrid hits full occupancy, tops €100,000 revenue
The NASDAQ-listed firm which trades under ticker HBNB — and led by billionaires Edgar "Injap" Sia II and Tony Tancaktiong — said the milestone highlights strong demand for the 680-room hotel, its first Hotel101-branded property outside the Philippines. The Madrid hotel officially opened in March 2026.
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DoubleDragon Corp.’s hospitality arm, Hotel101 Global Holdings Corp., has moved forward with a planned $300 million preferred share offering in the United States to bankroll an aggressive “asset-light” expansion across the globe.
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“In the hotel world — in any business world — you must look for three ingredients when you hire staff: talent, integrity and the stamina for hard work. If any of these three traits are missing, forget the guy.” - Robert Kuok a memoir
“I have always felt that wisdom is in the air.. you can pick, you can distil, wisdom by yourself. However, to do that, you have to hone your senses, listen more carefully, smell more deeply, see more sharply, and through that try to distil the wisdom from the air.” - Robert Kuok
Hotel101 Global Holdings Corp. is seeking to raise as much as $300 million in a private placement of perpetual convertible preferred shares, as it accelerates an asset-light expansion strategy overseas.
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DoubleDragon to tap US, PH capital markets to target P500B equity
At the center of this push is subsidiary Hotel101 Global Holdings Corp., which disclosed on Nasdaq that it has taken the next step toward a $300-million Series A perpetual preferred share offering in the US, the firm said in a disclosure to the PSE.
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Hotel101 will add 2,229 hotel rooms this year, including the 680-room Hotel101 in Madrid, Spain that opened in early March, in time for the city’s maiden Formula 1 Grand Prix in September. https://t.co/QOLp8ilmk3
DoubleDragon Corp.’s hospitality arm, Hotel101 Global Holdings Corp., is taking its first major step into international markets, filing for a US$300 million Series A perpetual preferred share offering on the Nasdaq Stock Exchange.
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The country’s airlines are bracing for a possible jet fuel supply crunch, with current inventories expected to last only until the end of April.
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