Hotel101 boosts Golden Visa track record with 3rd batch issuance

Hotel101, owned by listed DoubleDragon Corp., has successfully issued the third batch of Spain Golden Visas to unit owners of Hotel101-Madrid, with subsequent batches now being released at an increasingly faster pace.

These initial batches, granted by the Spanish government, set the stage for streamlined and consistent issuances in the coming weeks.

The program requires buyers to purchase three Hotel101-Madrid units to meet Spain’s 500,000 euro investment threshold, offering a unique residency opportunity for non-European citizens.

This milestone is expected to drive significant global interest and boost unit sales revenue for Hotel101 Global.

Meanwhile, the first three Hotel101 overseas projects are projected to bring in US$471 million (P27.2 billion) in foreign currency revenues for DoubleDragon, founded and led by tycoons Edgar "Injap" Sia II and Tony Tan Caktiong. 

Hotel101 Global anticipates completing and fully selling out its units in Madrid, Spain, and Niseko, Hokkaido, Japan ahead of schedule.