BIZ BUZZ: DoubleDragon golden visa deadline nears
For those with the desire and the deep pockets to secure the coveted Spanish Golden Visa, one quick and easy way to do it is to invest in three Hotel101 units in Madrid, Spain.
Not only will the purchase meet the investment requirement for the Golden Visa application at $620,400 for the three units, the Hotel101 Spain unit of DoubleDragon Corp. of tycoons Tony Tan Caktiong and Edgar “Injap” Sia II will also shoulder the processing and advisory fee that costs about 6,000 euros.
A growing number of Filipinos have indeed been looking to take advantage of the Spain golden visa or residence by investment program.
Through this, foreign nationals who invest a minimum of 500,000 euros or about $550,000 in Spain can apply for an investor visa. Once granted, applicants and their families gain residency plus visa-free access to Europe’s Schengen area.
Interested? Then you have to get moving as you only have until Dec. 31 this year to secure your three Hotel101 units that come with the free processing and advisory service.
There are no plans to extend the promotion as there is already a steadily increasing line of buyers who are seeing a significant upside to the 6,593-square meter Hotel101 property given its prime location on Avenida Fuerzas Armadas, Valdebebas, Madrid.
Those who have been to this part of sunny Spain know that the bustling area where the 680-room Hotel101 is rising is just a three-minute walk to the Valdebebas train station, a five-minute walk to the frequently visited Real Madrid Sports Complex and seven minutes away from the new Madrid Bajaras International Airport.
As a bonus, Hotel101 Madrid that will open its doors in 2026 will be within the proposed route of the planned F1 Madrid Grand Prix. If plans don’t miscarry, that will mean a further boost to its future value.
Experts believe that the first two Hotel101 offerings in Spain and in Japan will generate a combined P17 billion from unit sales alone. Steady recurring revenue should also be coming in for the unit owners once these projects become operational.
Now that should be a good reason to beat the Dec. 31 deadline and take advantage of the once-in-a-lifetime offer courtesy of the two Dragons. —Tina Arceo-Dumlao
Fernando Zobel centennial
Following the successful showcase of Juan Luna’s long-lost masterpiece “Hymen, oh Hyménée!”, Ayala Museum is preparing for another landmark art exhibit in 2024— one that will feature another world-class Filipino artist.
And it’s especially meaningful for Ayala Corp., which is celebrating its 190th anniversary next year, because the artist is no other than abstract painter Fernando Zóbel de Ayala y Montojo, grand uncle of the Zobel brothers, Jaime Augusto and Fernando Zobel de Ayala.
The exhibit will also commemorate the 100th birth anniversary of Zobel, who had founded the Ayala Museum as well as the Museo de Arte Abstracto Espanol in Cuenca, Spain.
Zobel was honored by King Juan Carlos of Spain with the “Medalla de Oro al Merito en las Bella Artes” in 1983. This is said to be equivalent to National Artist status in the Philippines.
“We really want to of course feature the art but also inspire young artists because Juan Luna is one example but Fernando Zobel also, many years later, showed that the Filipino is truly world-class,” said Tony Lambino, president of Ayala Foundation.
The Ateneo Art Gallery describes Zobel, who passed away in 1984, as a “patron of the arts” who had “contributed greatly to the emergence of modern art in the Philippines.” “Zobel experimented in a variety of art forms including pure abstraction, Chinese and Japanese calligraphy, abstract and nonobjective modern art, which would be showcased in Madrid, New York, and Paris,” the gallery added.
The Ateneo gallery also noted that his “notable works include Saetas (utilizing a surgical syringe to apply superbly fine lines of paint), Serie Negra (influenced by calligraphy), Dialogos (abstract reconstructions of museum paintings he liked) and Las Orillas (river theme).” —Doris Dumlao-Abadilla
