Hotel101 Global unveils plans to develop hotel in Milan

Core Insights - Hotel101 Global Holdings plans to develop a 429-key hotel in San Donato Milanese, Milan, Italy, as part of its European strategy and asset-light "condotel" model [1][3] - The hotel aims to cater to both business and leisure travelers, providing access to Milan's commercial and cultural attractions [1] Development Details - The site spans 1.4 hectares and is located near major transport routes, approximately a five-minute drive from Metro Milano San Donato station [2] - Facilities will include dining venues, a 25m swimming pool, fitness center, business amenities, function rooms, parking areas, and children's play spaces [2] - The development will incorporate energy-efficient solutions, such as solar panels [2] Economic Impact - The project is expected to be completed by 2028 and will contribute to Milan's economy through foreign investment, job creation, and increased tourism [3] - Hotel101 Global anticipates generating approximately €85.8 million ($99.4 million) in revenue from the sale of hotel units, assuming a price of €200,000 per unit [3] Regulatory and Strategic Context - The project is subject to national, regional, and municipal regulatory approvals before construction can begin [4] - Hotel101 Global has ongoing international projects in Niseko (Japan), Madrid (Spain), and Los Angeles (US), and operates affiliate hotels in the Philippines [4] - The company is a subsidiary of Philippine-based DoubleDragon and has entered a joint venture with Saudi Arabia's Horizon Group to develop up to ten hotels in the kingdom [5]