On July 20, 2023, an thrilling milestone was reached as DoubleDragon’s Hotel101 signed Grasp Service Agreements with outstanding Spanish advisory companies: Orience, PSI Consultants, and L&L RSM Regulation. These companies have established themselves as prime gamers within the specialised area of the “Golden Visa” program in Spain.
The Golden Visa processing and advisory price, which generally quantities to round 6,000 EURO, shall be waived for individuals who select to buy 3 Hotel101 items in Madrid, Spain throughout the unit pre-selling interval, which extends till December 31, 2023, or till all items are bought out, whichever comes first.
Hotel101-Madrid is poised to grow to be one of many High 5 largest resorts in Madrid, Spain, a outstanding achievement for the challenge. Furthermore, it’s noteworthy that Hotel101-Madrid represents the pioneering entry of a homegrown Filipino resort chain into the Spanish market, marking a big second within the firm’s progress and growth.
The Hotel101-Madrid challenge is anticipated to generate sturdy gross sales income of roughly €143.3 Million Euros (equal to ₱8.8 Billion Pesos), showcasing its potential for fulfillment and constructive impression on the enterprise.
With the partnership of esteemed Spanish advisory companies and the promising outlook for Hotel101-Madrid, the challenge is poised to make a mark within the hospitality business and contribute considerably to each the Philippine and Spanish economies.
On July 20, 2023, Hotel101 World Pte. Ltd., the worldwide resort growth subsidiary of DoubleDragon Company, took a big step by getting into into Grasp Service Agreements with three esteemed advisory service suppliers: Orience, PSI Consultants, and L&L RSM Regulation. This partnership goals to facilitate the processing of residency purposes via funding for patrons interested by buying a minimum of three (3) items in Hotel101’s inaugural European challenge, Hotel101-Madrid, positioned in Valdebebas Madrid, Spain.
The “Golden Visa” for Spain, formally referred to as the Spain Investor Visa, is a coveted residence allow granted to non-European residents who make substantial investments in Spain, corresponding to buying actual property property price 500,000 EURO.
In an thrilling growth, potential patrons of Hotel101 items may have the choice to use for a Golden Visa at the side of their buy. DoubleDragon/Hotel101 World Chairman, Edgar Injap Sia II, expressed enthusiasm for this long-term enterprise endeavor, highlighting the historic cultural ties between Spain and the Philippines. He emphasised that the event of recent stock of items in Hotel101-Madrid is not going to deplete the prevailing housing stock in Spain. As a substitute, it is going to bolster financial exercise via land acquisition, salaries for the development staff, and long-term recurring taxes, benefitting each nations.
The Golden Visa purposes shall be topic to analysis and approval by the related authorities of the Spanish Authorities, exercising their discretion. Notably, the acquisition of Hotel101 items might function a method for international patrons to satisfy the five hundred,000 EURO actual property funding requirement for the Golden Visa.
As an incentive, the Golden Visa processing and advisory price, usually amounting to about 6,000 EURO, shall be waived for individuals who buy 3 Hotel101 items in Madrid, Spain, throughout the unit pre-selling part till December 31, 2023, or till all items are bought out, whichever comes first.
Anticipating the success of Hotel101-Madrid, the challenge is projected to grow to be one of many High 5 largest resorts in Madrid, Spain. Moreover, it holds the excellence of being the primary homegrown Filipino resort chain to determine its presence in Spain. DoubleDragon envisions Hotel101 to realize world-class requirements, offering job alternatives to Filipinos each within the Philippines and overseas. The corporate goals to instill a way of pleasure and honor in each Filipino worldwide, as Hotel101 continues to increase and function in varied areas across the globe.