DOUBLEDRAGON Corp. worldwide hotel expansion subsidiary Hotel101 Global Pte. Ltd. Wednesday, July 20, 2023 signed Master Service Agreements with Orience, PSI Consultants and L&L RSM Law as the exclusive advisory service providers to process the residency applications by investment option for buyers of at least three units in Hotel101’s first European project, Hotel101-Madrid located in Valdebebas Madrid, Spain.
A Golden Visa for Spain, officially known as the Spain Investor Visa is a residence permit issued to non-European citizens who make a substantial investment in Spain such as buying a real estate asset worth 500,000 euro.
The Golden Visa applications are for evaluation and approval of the proper authorities of the Government of Spain, at its discretion, but the purchase of Hotel101 units may be used by the foreign buyer to comply with the 500,000 euro Spanish real estate investment requirement.
The Golden Visa processing and advisory fee that cost about 6,000 euro will be free of cost for those who will purchase three Hotel101 units in Madrid Spain from the start of the unit pre-selling until Dec. 31, 2023 or until the units are fully sold out, whichever comes first. Hotel101-Madrid is set to become one of the Top 5 largest hotels in Madrid, Spain.
Hotel101-Madrid is set to be the first homegrown Filipino hotel chain to enter Spain. (PR)