Philippine asset-light hospitality management firm Hotel101 Global Holdings Corporation officially received approval to list on the Nasdaq Stock Exchange in the United States.
The company’s shares are set to begin trading on Tuesday, 1st July, and the company celebrated the listing by ringing the Opening Bell today, 28th June.
Trading is scheduled to commence under the ticker symbol HBNB following the expected completion of Hotel101’s business combination with JVSPAC Acquisition Corporation, which was approved by shareholders on Tuesday, 24th June.
With a deemed equity value at closing of US$2.3 billion, Hotel101 is the first Filipino-owned company to be listed and traded on the Nasdaq.
A noteworthy milestone
According to Hotel101 Global chief executive Hannah Yulo-Luccini: “Today is an exciting milestone in Hotel101’s journey to become the world’s first truly global one-room hotel chain. 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.”
Likewise, Edgar “Injap” Sia II, chair and CEO of Hotel101’s parent company DoubleDragon Corporation, declared: “This is a historic moment for DoubleDragon, becoming the first-ever Filipino company with a subsidiary listed and traded on the Nasdaq. 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 one million Hotel101 rooms globally.”
Asset-light, success-heavy
Hotel101’s management believes that Hotel101 properties are efficient to build, maintain, 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.
For example, Hotel101-Madrid, a 680-room development adjacent to the new Formula 1 Spanish Grand Prix Circuit in Valdebebas, is slated for completion in December of this year.
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.
Just last month, Hotel101 also finalised an agreement with Saudi Arabia’s Horizon Group to establish a joint venture for the development of up to ten 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 also underway for Hotel101-Niseko, a 482-room property in Hokkaido’s foremost winter sports destination; and the company has even secured a site in Los Angeles, California, marking its entry into the US 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.
