Hotel101 signs Bangkok hotel joint venture

Hotel101 Global Holdings Corp. has signed definitive binding agreements with Thailand’s Origin Property PCL for the joint venture development of Hotel101-Bangkok, an approximately 770-room project that marks the Filipino hotel brand’s latest overseas expansion.

Hotel101 Global, listed on the Nasdaq Stock Exchange under the ticker HBNB, is a subsidiary of Philippine-listed DoubleDragon Corp., which trades on the Philippine Stock Exchange under the ticker DD.

The planned Hotel101-Bangkok will rise on an 8,336-square-meter site along Phahon Yothin Road, near Don Mueang International Airport and directly beside the Yaek Kor Por Aor BTS Station.

The project is expected to generate approximately THB 1.925 billion, or USD 58 million, in sales revenue once fully sold.

Hotel101 said the Bangkok property is expected to be completed by 2029.

The expansion matters because it places a Philippine-born hospitality brand in one of Southeast Asia’s busiest capital cities, while giving Hotel101 another platform to earn foreign-currency revenues from tourism, real estate and hotel operations.

For the Philippine economy, the company said Hotel101’s global growth is expected to eventually become one of the major U.S. dollar inflow generators, as the brand pursues its plan to scale internationally through an asset-light, prop-tech hospitality model.

Hotel101-Bangkok is expected to become one of the top three largest hotels in Bangkok by room count, based on its 8,336-square-meter site and approximately 770 rooms.

The company said the site’s position along Phahon Yothin Road offers access to Bangkok’s northern corridor, an area known for modern infrastructure, transport links, and a mix of commercial, residential and tourism developments.

Guests are expected to benefit from the property’s proximity to the BTS Skytrain system and Don Mueang International Airport, which serves both domestic and international travelers.

The project will also be near Yaek Night Market, Chatuchak Market, the city center and other major Bangkok attractions.

Hotel101-Bangkok is expected to offer four-star amenities at affordable prices.

The planned amenities include ample meeting spaces, a conference center for business events, modern rooms, 24/7 reception, all-day dining, a swimming pool, a full-size gym, a business center, a children’s pool, ample parking, luggage storage and other facilities.

The project will be jointly developed with Origin Property PCL, which is listed on the Stock Exchange of Thailand under the ticker ORI.

Origin Property was established in 2009 and is described as a leading property developer specializing in stylish condominiums located near BTS Skytrain routes and expressways.

The Thai developer has built projects known for unique designs, functional layouts and strong after-sales service.

Hotel101 said the Bangkok project forms part of Hotel101 Global’s broader expansion strategy, centered on its standardized “condotel” business model.

The company said its domestic and international expansion is aligned with Hotel101 Global’s vision of 1 million uniform Hotel101 rooms in 100 countries, mainly through licensing its HBNB business model to generate long-term recurring revenue.

In the Philippines, the 518-room Hotel101-Manila and 606-room Hotel101-Fort continue to operate at very high occupancy levels, according to the company.

Hotel101 also opened its 680-room Hotel101-Madrid in March 2026, its first branded property to operate outside the Philippines.

The company said Hotel101-Madrid recorded a single-day performance of 100 percent occupancy and more than EUR 100,000 in revenue for one day.

Hotel101 said this performance is expected to translate into sizable recurring hotel revenues annually and supports the company’s asset-light, prop-tech hospitality model.

Hotel101 Global started generating recurring revenues from hotel operations in Spain in March 2026.

The company said this will be followed by recurring revenue generation in Japanese yen from the 482-room Hotel101-Niseko in Hokkaido, Japan, which is set to open in December 2026.

Hotel101 said 2026 will have the highest number of room openings in one year for the company.

A total of 2,229 additional hotel rooms are slated to become operational in 2026.

These include 680 rooms in Madrid, Spain; 519 rooms in Davao; 548 rooms in Cebu; and 482 rooms in Niseko, Hokkaido, Japan.

DoubleDragon said 2026 is also expected to be the year when it starts generating a high volume of recurring revenues from its portfolio of provincial community mall leasing, industrial warehouse leasing, office leasing and hospitality assets in the Philippines and overseas.

The company said DoubleDragon has built a diversified portfolio of hard assets across the Philippines while also developing the asset-light Hotel101 concept for global expansion.

Hotel101 made history in 2025 as the first Filipino company with a subsidiary listed on the U.S. Nasdaq, according to the company.

In 2026, Hotel101 also became the first Filipino hotel chain brand to operate overseas.

DoubleDragon said its total assets currently stand at PHP 225.3 billion.

“The DoubleDragon team is committed to put in the necessary hard work, entrepreneurial grit and perseverance towards this vision and eventually aims to make Hotel101 a truly global brand operating in various jurisdictions worldwide, and eventually bring a pinch of pride and honor to our fellow Filipino countrymen,” the company said.