Hotel101-Global Moves Closer to Historic Nasdaq Listing

DoubleDragon Corporation’s subsidiary, Hotel101-Global, has taken a major step toward its highly anticipated Nasdaq debut with the submission of its F-4 Registration Statement on February 1, 2025 (Philippine time).

The move brings Hotel101-Global closer to its $2.3 billion (PHP130 billion) listing on the U.S. stock exchange, following rigorous compliance with the U.S. Securities and Exchange Commission (SEC) and Nasdaq requirements.

Once finalized, the listing will make DoubleDragon the first Filipino company to have a subsidiary traded on the Nasdaq under the ticker symbol HBNB.

“This will be the most significant year since the DoubleDragon joint venture was established in 2012,” said DoubleDragon Chairman and CEO Edgar “Injap” Sia II.

The company expects to generate PHP51.3 billion in fresh equity capital this year, driven by the Hotel101-Global listing and a follow-on equity offering, along with the listing of CentralHub REIT.

A GLOBAL MILESTONE FOR FILIPINO BUSINESS

Hotel101-Global is a Singapore-based hotel prop-tech operator that pioneers an asset-light “condotel” business model, allowing individual investors to purchase and lease out hotel rooms.

Through a merger with JVSPAC Acquisition Corporation (Nasdaq: JVSA), a special purpose acquisition company (SPAC), Hotel101-Global is expected to complete its listing by the second half of 2024, subject to regulatory and shareholder approvals.

“This transaction will strengthen DoubleDragon’s capital base and balance sheet,” the company said in a statement.

Sia, the founder of Hotel101, believes the brand has global potential, offering a standardized hotel room concept that ensures efficiency and value.

“The standardization of a Hotel101 room globally means that a customer knows exactly what to expect wherever they may be in the world,” he said.

GAME-CHANGER IN THE HOSPITALITY INDUSTRY

Hotel101-Global positions itself as a disruptor in the hotel industry, combining the efficiency of short-term rental platforms with the security and predictability of traditional hospitality chains.

“Hotel101’s asset-light business model allows us to generate revenues twice: first from the pre-selling of strata-titled individual hotel units during the construction phase, and second, from the long-term recurring revenue from hotel operations,” said Hotel101 CEO Hannah Yulo-Luccini.

Albert Wong, Chairman of JVSPAC Acquisition Corporation, expressed confidence in the merger.

“We are pleased to work with Hotel101 and believe its unique business model and the track record of its founders will be a disruptive force in the hospitality industry,” Wong said.

Hotel101 plans to scale aggressively through joint ventures and licensing, targeting one million rooms across 100 countries.

GLOBAL EXPANSION UNDERWAY

Hotel101 has already broken ground in major international markets.

A 680-room hotel is under construction in Madrid, Spain, near the IFEMA Convention Complex, Real Madrid Complex, and the future F1 Grand Prix Track.

Another 482-room property is rising in Niseko, Japan, a popular ski destination.

A site has also been secured in Los Angeles, California, marking the company’s first foray into the U.S. market.

The company has identified 25 priority countries for expansion, including Japan, the U.S., the United Kingdom, the UAE, China, Thailand, Malaysia, Vietnam, and Australia.

A BILLION-DOLLAR VISION

DoubleDragon, co-founded by Sia and Jollibee Foods Corp. Chairman Tony Tan Caktiong, has built a $3 billion real estate empire with properties across the Philippines.

The upcoming Nasdaq listing is expected to solidify Hotel101 as a major Philippine brand on the global stage and a key dollar earner for the country.

With its asset-light model and tech-driven approach, Hotel101 aims to redefine mid-scale hospitality worldwide.

“This formula will create sustained value for consumers globally,” Sia said.