Hotel101 Global Holdings has opened the 680-room Hotel101-Madrid in Spain, marking its first entry into the European market.

The property is situated in the Valdebebas district, beside Ciudad Real Madrid and close to the new Formula One Madrid Grand Prix circuit.

This location aims to serve guests attending international sporting events, business meetings and tourism activities across Madrid, as well as deliver access to Adolfo Suárez Madrid-Barajas International Airport, Valdebebas train station and the IFEMA convention complex.

The hotel is designed to accommodate business and leisure travellers looking for practical and cost-effective lodging in central Madrid.

Hotel101-Madrid provides “HappyRoom” units with kitchenettes, alongside a range of four-star amenities. Facilities include all-day dining, a business centre, a convenience store, function rooms, a gym, a laundry room, and more than 200 parking spaces.

Hotel101 Global said that the opening of Hotel101-Madrid represents the first time a Filipino homegrown hotel brand has begun operations overseas.

The hotel is now operational and is anticipated to contribute recurring revenue as part of its wider global expansion strategy.

Hotel101 aims to expand towards its long-term goal to operate one million rooms in 100 nations across the globe. This is expected to be driven primarily through licence agreements and joint ventures with local developers worldwide.

Earlier this year, Hotel101 Global signed definitive binding agreements to develop a 766-room property in Melbourne, Victoria, Australia. It is planned to be developed in the city's central business district.