“`html
HOTEL101 GLOBAL HOLDINGS Corp., the hospitality branch of DoubleDragon Corp. listed on Nasdaq, is making waves in Europe with an exciting new project in Milan! This development includes 429 rooms and marks their second venture in the continent as they ramp up their global presence.
The company has teamed up to create this condotel on a spacious 1.4-hectare site located in San Donato Milanese, a bustling business area just southeast of Milan’s city center, according to a statement released on Sunday.
This fantastic project is set to wrap up in 2028 and is expected to bring in an impressive €85.8 million (around P5.8 billion) from unit sales.
Hotel101 Global is counting on its unique “condotel” concept, where individual units are sold to investors while the hotel operations are professionally managed. For the Milan project, unit prices are estimated to be around €200,000.
The property is designed with mid-range pricing and offers four-star amenities—including 24/7 reception, a cozy all-day dining spot, a 25-meter swimming pool, a fitness center, business facilities, meeting rooms, and fun play areas for kids. Plus, it will feature eco-friendly elements like solar panels!
Conveniently, Hotel101’s Milan location is about 7.1 kilometers from Linate Airport and just four kilometers from the Metro Milano San Donato station, making it an attractive choice for both business-minded and leisure travelers.
The company is optimistic that this project will engage local and international buyers, boosting Milan’s economy through investments, job creation, and tourism activities.
“This expansion represents a major milestone in our European growth strategy, allowing us to introduce our innovative ‘condotel’ business model to one of the world’s most vibrant cities,” the company shared.
Hotel101 currently operates nine properties in the Philippines and is also working on projects in Hokkaido, Madrid, and Los Angeles. Just last May, they partnered with Saudi Arabia’s Horizon Group to launch 10 hotels in the kingdom.
The Milan venture is part of Hotel101’s ambitious plan to be present in 25 countries within the next three years, with a long-term goal of managing one million rooms across 100 markets.
DoubleDragon proudly holds the distinction of being the only Philippine company listed on Nasdaq. As of the end of November, Hotel101 Global boasts a market capitalization of about US$1.9 billion (P112 billion). — Beatriz Marie D. Cruz
Source link
“`
