Both the foreign currency recurring revenue generation and hotel occupancy levels keep going up at the Hotel101 perfected and units fully sold-out global prototype in Madrid Spain
Hotel101-Madrid, the 680-room global prototype, has recorded its strongest monthly performance to date, providing further support for the Company’s asset-light condotel model as it advances its international expansion
The October 2026 hotel occupancy of 97.41% translates to an average of about 660 rooms of its 680 rooms in Hotel101-Madrid are occupied by foreign guests from various parts of the world
DoubleDragon's Hotel101-Madrid is the first Hotel101 to operate outside the Philippines and is set to be followed by the opening of Hotel101 in Niseko, Hokkaido Japan this coming December 2026 which will become the largest hotel in room count in the whole of Kutchan Niseko Hokkaido Japan
With the extraordinary performance of the global prototype of Hotel101, DoubleDragon's subsidiary is now poised to hyperscale and export the novel and unique asset-light business model towards its vision to scale to 1 million uniform hotel rooms in 100 countries worldwide
Hotel101 Global's novel and unique business model generates revenues and income twice, firstly from sale of its standardized uniform units, and secondly generates recurring revenues from hotel operations
November 2, 2026 – Hotel101 Global Holdings Corp. (NASDAQ: HBNB) (“Hotel101 Global,” “Hotel101,” “HBNB” or the “Company”) today announced that the monthly performance of its 680-room Hotel101-Madrid has significantly exceeded the Company’s expectations. In October 2026, Hotel101-Madrid achieved a record high of €2.93 million (equivalent to approx. US$3.28 million or approx. Php 209 Million) in just 1 month of recurring hotel revenues generated from October 1 to 31, 2026, with average occupancy of 97.41%.
This record performance reflects the continued momentum and exceptionally strong demand for Hotel101-Madrid, the first Hotel101-branded property to operate outside the Philippines, which opened in March 2026. The Company believes the results provide clear evidence of robust underlying demand in a major European market and demonstrates Hotel101-Madrid’s ability to generate recurring revenues at scale. Management believes this property’s October performance is indicative of Hotel101’s potential to contribute meaningful annual recurring hotel revenues and further validates the Company’s asset-light, prop-tech hospitality model and its emphasis on long-term, recurring revenue generation across the Hotel101 global portfolio.
Key Operating Highlights – Hotel101-Madrid (October 2026)
• Monthly recurring revenue from October 2026 stays: €2,929,778 (approx. Php 209 Million a property record for any single month)
• Average occupancy: 97.41%
• Property size: 680 standardized HappyRooms
The Company believes these results reflect the effectiveness of Hotel101’s globally standardized “HappyRoom” concept and tech-enabled operating platform in attracting demand. The high occupancy also benefits unit owners, who collectively receive 30% of monthly gross room revenues net of applicable taxes and statutory charges, distributed equally across all units and paid by the 16th day of the following month.
Hotel101-Madrid serves as the global prototype of the Hotel101 concept and primary operating springboard for the Company’s international expansion. Located in the dynamic Valdebebas district, just minutes from Adolfo Suárez Madrid-Barajas International Airport and IFEMA, one of Europe’s largest convention and exhibition centers, the 680-room property sits adjacent to the Real Madrid Sports City and the Formula 1 Spanish Grand Prix circuit, placing it at the heart of Madrid’s premier sports and events zone. |
Hotel101-Madrid has demonstrated strong international guest appeal, earning a 9.1 “Exceptional” rating based on more than 9,700 reviews across major online travel agencies as of October 31, 2026. Since opening in March 2026 through October 31, 2026, arrivals have been led by guests from Spain (39%), the United States (7%), Portugal (4%), China (3%), and Mexico (3%), reflecting strong appeal across multiple continents. Europe has accounted for nearly two-thirds of all arrivals (63.3%), followed by Latin America (16.1%), North America (8.5%), and Asia (6.2%). With guests from over 100 nationalities, including a growing number of Filipinos (0.55% of the more than 95,500 arrivals since opening in March 2026), Hotel101-Madrid has rapidly established itself as an international destination.
Management expects Hotel101-Madrid’s performance to support the replication of the Hotel101 business model through joint ventures and, in the future, license agreements, advancing Hotel101 Global’s long-term vision of developing one million standardized rooms across 100 countries and its aspiration to become one of the top hotel brands globally.
F9MOS 2026 Financial Highlights
For the first time in its corporate history - DoubleDragon Corporation's core revenue in the first 9 months of 2026 reaches P20.78 Billion pesos.This Total Revenues comprised of pure 100% core revenues (with zero revaluation gains)
For the first time DD's Foreign Currency revenues contributed majority or 59.03% of its quarterly total Core Revenues as the global expansion of its novel and unique Hotel101 prop-tech business model began to gain significant momentum in various countries
DD's subsidiary Hotel101 Global made a significant leap forward after it has opened its fully sold out perfected global prototype in Madrid Spain with 680 operating rooms
Hotel101 Global's business model generates revenues and income twice, firstly from sale of units, and secondly generates recurring revenues from hotel operations
DoubleDragon Corporation is expected to become one of the major US Dollar currency inflow generator to the Philippine economy
DD's core revenues both in the Philippines and Overseas continue to jump up after many years that the DD team have passionately planted and diligently nurtured the right hard assets in the right places, and by carefully innovating the nuts and bolts of its business lines in the past several years, and the durable trees now positioned in the Philippines and abroad are now starting to produce recurring valuable fruits
DoubleDragon’s Core Net Income for the first nine months of 2026 increased by 253.59% year-on-year to P3.91 Billion
Notably, DoubleDragon continues to demonstrate a significant acceleration in its core operating performance, with the Company’s third-quarter results reflecting a substantial increase in revenues and earnings. This marks a significant milestone in the Company’s continuing transition towards recurring and core operating revenues in the Philippine operations and globally
As of September 30, 2026, DoubleDragon’s Total Assets reached P256.82 Billion, increasing by P31.56 Billion from P225.26 Billion as of December 31, 2025
Total Equity reached P107.02 Billion as of September 30, 2026, increasing by P5.41 Billion from year-end 2025
Worth noting too that DoubleDragon is one of the - if not the only listed investment holding company with business in the property sector that do not have any ongoing residential condominium project under development in its portfolio. DD also do not have any exposure to the large BPO locators
DoubleDragon’s Consolidated Revenues for the first nine months of 2026 reaches P20.78 Billion, about double or 98.76% higher than
the same period last year
DoubleDragon’s Core Revenues for the first 9 months of 2026 reaches P20.78 Billion, increasing by 143.65% versus the same period last year |
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