DoubleDragon breaks ground on new Hotel101 in Spain
DoubleDragon [DD 8.13, down 0.6%] [link], the property developer owned by Injap Sia and Tony Caktiong, announced that it has already broken ground on its 680-room Hotel101-Madrid and signed a contract for the hotel’s construction with Ferrovial Construction. Full-scale construction is scheduled to begin in April of this year, and be fully completed by Q4/25 which is “just in time” for a massive tourism event, the Madrid F1 Grand Prix. The press release said that when it is completed, the Hotel101-Madrid will be “one of the top 5 largest hotels in Madrid”.