DoubleDragon Corporation has achieved its goal of having its subsidiary, Hotel101 Global Holdings Corporation, with a deemed equity value of $2.3 billion, become the first Filipino corporation to be listed on the Nasdaq Stock Exchange.
Hotel101, an asset-light, prop-tech hospitality platform business designed for rapid global growth, listed at the Nasdaq in New York on June 27, 2025, under the ticker symbol “HBNB” and its shares are set to begin trading on July 1, 2025.
Hotel101 celebrated its U.S. public listing by ringing the Opening Bell last night (Manila time). Leading the bell-ringing were DoubleDragon Co-Chairmen Edgar Sia II and Tony Tan Caktiong.
The approval to list at the Nasdaq came after completion of Hotel101's business combination with JVSPAC Acquisition Corp. (Nasdaq: JVSA), which JVSPAC shareholders approved on June 24, 2025.
“This is a historic moment for DoubleDragon, becoming the first-ever Filipino company with a subsidiary listed and traded on the Nasdaq,” said Sia, Co-Chairman and CEO of DoubleDragon Corporation and Founder of Hotel101.
He added that, “It reflects the strength of our vision and the dedication of everyone who has helped bring Hotel101 to this global stage. And we're just getting started – with a globally scalable model and a long runway ahead, we aim to redefine the industry and become a leading global hospitality brand working towards our vision of an inventory of 1 million Hotel101 rooms globally.”
Hotel101 CEO Hannah Yulo-Luccini said “Today is an exciting milestone in Hotel101's journey to become the world's first truly global one-room hotel chain.”
Hotel101 Global bell-ringing to mark its listing on Nasdaq Stock Exchange. In photo (left to right): Hotel101 CEO Hannah Yulo-Luccini, Hotel101 Founders Edgar Sia II and Tony Tan Caktiong, JVSPAC CEO Albert Cheuk Fai Wong, and Nasdaq Vice Chairman Robert McCooey Jr.
Hotel101 CEO Hannah Yulo-Luccini, and Founders Tony Tan Caktiong and Edgar Sia II, celebrate their landmark Nasdaq listing by proudly displaying the Philippine flag outside the Nasdaq building in New York City.
“Hotel101 was born from a simple, revolutionary idea: a ‘one room’ global hotel brand delivering consistent comfort and irresistible value worldwide. Our asset-light, technology-driven platform positions us to scale rapidly, with a goal to disrupt the hospitality industry globally with 1 million rooms across 100 countries.”
Hotel101's management believes that Hotel101 properties are efficient to build, maintain, and operate – as well as scale and expand through direct development, joint venture partnerships, and franchise arrangements.
Building on the success of Hotel101-branded properties in the Philippines – where there are two operating properties and a number under development – Hotel101 intends to accelerate its global expansion plans.
Hotel101-Madrid, a 680-room development adjacent to the new Formula 1 Spanish Grand Prix Circuit in Valdebebas, is slated for completion in December 2025.
Earlier this month, Hotel101 signed a 10-year agreement with an affiliate of MATCH Hospitality AG, making it an official hotel partner of the F1 Spanish Grand Prix from 2026 to 2035.
In May 2025, Hotel101 signed an agreement with Saudi Arabia's Horizon Group to, subject to additional contract, establish a joint venture for the development of up to 10 hotels in Saudi Arabia.
The partnership underscores Hotel101's confidence in the Kingdom's dynamic tourism market, one of the fastest-growing globally under Vision 2030.
Construction is underway for Hotel101-Niseko, a 482-room property in Hokkaido, Japan. The company has also secured a site in Los Angeles, California, marking its entry into the U.S. market.
In parallel, Hotel101 is actively pursuing five additional joint ventures, further advancing its goal of establishing a presence in 25 priority markets in the medium term.
Hotel101's asset-light “condotel” prop-tech business model is designed to scale efficiently while maximizing value for both unit owners and guests.
Hotel101 generates revenue twice: first, from the pre-selling of individual hotel units during the construction phase; and second, from long-term recurring revenue derived from day-to-day hotel operations following completion of the units.
By pre-selling standardized hotel units, Hotel101 generates upfront capital to fund new developments and expand rapidly. Its long-term management contracts with unit owners create a stable and recurring revenue stream.
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