DOUBLEDRAGON Corporation’s (DD) global flagship prototype, the 680-room Hotel101-Madrid in Spain, achieved 100% room occupancy on June 10 (Madrid time), marking its third month of operations since opening last March 10.
Over the past 30 days, Hotel101-Madrid generated over $2.3 million USD (approximately P141 million) from recurring room revenues alone. Daily revenues peak on June 10 exceeded $100,000, signaling a steady upward trajectory compared to its debut month.
High occupancy levels are a staple for the brand, mirroring the performance of its domestic counterparts: the 518-room Hotel101-Manila and the 606-room Hotel101-Fort.
With the global prototype fully calibrated and tested, DoubleDragon announced it is ready to “hyperscale” the replication of its unique “cookie-cutter” concept. The company has set an ambitious vision to expand to 1 million rooms across 100 countries, aiming to make Hotel101 the largest single-brand hotel chain in the world.
A historic year for openings
The year 2026 marks a major milestone for DoubleDragon, yielding the highest number of room openings in a single year for the company. A total of 2,229 additional hotel rooms are slated to become operational this year. This includes the 680 rooms in Madrid, followed by 519 rooms in Davao, 548 rooms in Cebu, and 482 rooms in Niseko, Hokkaido, Japan.
To date, DoubleDragon is the first and only Filipino company that has a subsidiary listed on the U.S. NASDAQ Stock Exchange, enabling it to gain access to the deep capital markets in the United States for its pipeline of equity and capital raises.
“This latest extraordinary performance of Hotel101’s global prototype further positively reinforces DoubleDragon Corporation’s overall outlook and strong conviction towards its set DD Vision 2035,” said DoubleDragon and Hotel101 founder Edgar Injap Sia II.
He added: “In the past years of my entrepreneurial journey, I and our team were able to deeply gain and learn multi-dimensional and complex business experiences that we believe is now sufficient to enable us to push forward towards DD’s 2035 Vision.”
Over the next nine years, DD aims to grow its total revenues 18 times (or 1,800%), targeting P500 billion by 2035 from the P27.9 billion recorded in fiscal year 2025.
DoubleDragon attributes its long-term resilience to its unique asset-light, exportable Business-Over-Hotel (HBnB) model, which integrates a proptech hospitality platform.
The company disclosed that over the past four years, it strategically restructured its portfolio in anticipation of the disruptive impacts of artificial intelligence (AI) agents on the traditional economy. Notably, DD deliberately avoided exposure to large BPO tenants and completely exited the condominium development business—a sector it warns is facing a massive oversupply that could worsen as AI commercialization impacts the call center industry.
Instead, 2026 marks the tipping point for DD to generate high-volume recurring revenues from provincial community mall leasing, industrial warehouse leasing, office leasing, and its global hospitality portfolio. The company expects the international expansion of Hotel101 to eventually become a major driver of US Dollar inflows for the Philippine economy.
From start-up to global brand
Reflecting on the company’s journey since its 2014 initial public offering (IPO) on the Philippine Stock Exchange at P2 per share, DD shares have surged. As of June 10, 2026, the stock traded at P11.84 per share—representing a nearly sixfold or 592% increase from its listing price.
“Gone are the days when Philippine companies merely bring in foreign brands or copy what works abroad,” the company stated. “Developing a truly unique, differentiated branded business model in the Philippines and exporting it to the rest of the world will have a far larger and lasting positive impact on the Philippine economy.”/PN
