DoubleDragon to Launch Hotel101 in Milan as Part of Global Expansion

DoubleDragon Corporation, a publicly listed property developer led by Edgar "Injap" Sia II and Tony Tan Caktiong, announced the launch of Hotel101 in Milan, Italy, reinforcing its ambitious international expansion efforts.

Through its subsidiary, Hotel101 Global Holdings Corp., DoubleDragon has entered into a joint venture with binding agreements to develop a Hotel101 property in San Donato Milanese, a strategic district of Milan. The project will feature approximately 429 rooms and is anticipated to generate around 85.8 million euros (roughly P5.8 billion) in sales revenue based on a projected sale price of 200,000 euros per unit.

Situated on a prime 1.4-hectare site, the hotel will serve as a key location for both leisure and business travelers, offering convenient access to Milan’s cultural landmarks and commercial centers. The development will provide four-star accommodations at competitive rates, aligning with Hotel101’s commitment to delivering quality hospitality globally.

The project is subject to national, regional, and municipal regulatory approvals and emphasizes sustainable urban hospitality by incorporating energy-efficient designs, solar energy solutions, and community-focused amenities.

Scheduled for completion by 2028, Hotel101-Milan is expected to bolster Milan’s local economy through job creation, attracting foreign investment, and enhancing tourism. The hotel will also appeal to both domestic and international purchasers through Hotel101’s unique unit ownership model.

Highlighting the significance of this move, DoubleDragon stated, "This expansion marks a significant milestone in the company’s European growth strategy, bringing its novel globally standardized condotel business model to one of the world’s most dynamic cities."

The Milan property is part of Hotel101 Global’s broader global expansion plans, which include ongoing developments in Niseko, Japan; Madrid, Spain; and Los Angeles, USA. In May, Hotel101 also entered into an agreement with Saudi Arabia’s Horizon Group to explore a joint venture to develop up to 10 hotels in the region, pending further contracts.

Hotel101 aims to manage one million rooms across 100 countries, focusing on 25 priority countries in the medium term. It operates on an asset-light, prop-tech model, pioneering a standardized international condotel concept.

Hotel101 Global is traded on the Nasdaq Stock Exchange and held a market capitalization of approximately $1.9 billion as of November 27, 2025.