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Hotel101-Madrid made about $3.28 million in recurring revenue last month, setting a new record.

ResultsRead the original at globenewswire.com
Good for HBNB

Hotel101-Madrid set a monthly recurring revenue record and averaged 97.41% occupancy in October, supporting HBNB's hotel model. It is one property, and the plans to operate in 25 or 100 countries remain goals, not results.

HBNB · Hotel101 Global Holdings Corp.

AI read · Good for HBNB

The AI's read

This gives HBNB a working example of its hotel model at its first international property. The recurring revenue and occupancy support management's view of demand, but one Madrid property cannot prove its plans for 25 or 100 countries will succeed.

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