THE 680-room Hotel101-Madrid on Wednesday, March 13, has progressed with two milestone activities as it conducted its ground breaking ceremony and signed the construction contract with Ferrovial Construction at Valdebebas, Madrid, Spain.
The groundbreaking ceremony was graced by Rocio Albert Lopez-Ibor, the Minister of Economy, Finance and Employment of the Region of Madrid, Spain, and Philippine Ambassador to Spain Philippe J. Lhuillier.
Both activities was led by DoubleDragon chairman Edgar Injap Sia II, Hotel101 CEO Hannah Yulo-Luccini, and DoubleDragon co-chairman Tony Tan Caktiong.
The milestone event was also graced by the officers of Ferrovial Construction Group represented by Juan Luis Junguito Oppelt, Director Region Centro of Ferrovial; Belen
Marquina Susin, Directoria Edificacion Madrid of Ferrovial; Manuel Angel Sanz Pecharroman, Jefe de Grupo de Obras of Ferrovial; and Equicom Group chairman Antonio L. Go.
Ferrovial is one of the largest construction companies in Spain, and is set to commence full swing construction this April 2024. Hotel101-Madrid is scheduled to be fully completed by the fourth quarter of 2025 and will open just in time for the start of the Madrid F1 Grand Prix, which happens to be located right beside the hotel.
The Hotel101-Madrid project, which is set to become one of the top 5 largest hotels in Madrid, is located in a 6,593-square meter prime commercial property recently purchased by Hotel101 located along Avenida Fuerzas Armadas, Valdebebas, Madrid. It is surrounded by major landmark buildings and is about three-minute walk to the Valdebebas Train Station, four-minute walk to IFEMA convention complex, five-minute walk to Real Madrid Sports Complex, and around seven-minute walk to the new Madrid Barajas International Airport./PN
