Hotel101 Global's (HBNB) 680-room Madrid location generated more than 100,000 euros ($116,126) in single-day room revenue at full occupancy, the company said Tuesday.

The property opened in March as the first site outside the Philippines and functions as a prototype for the business to develop 1 million rooms across 100 countries, the company said.

The hotel is adjacent to the new Formula 1 Spanish Grand Prix circuit and holds a partnership to serve as an official location for the race through 2035, it said.