Hotel101 Global officially lists on NASDAQ
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Philippine asset-light hospitality administration agency Hotel101 International Holdings Company formally obtained approval to checklist on the Nasdaq Inventory Alternate in the USA.
The corporate’s shares are set to start buying and selling on Tuesday, 1st July, and the corporate celebrated the itemizing by ringing the Opening Bell right this moment, twenty eighth June.
Buying and selling is scheduled to begin below the ticker image HBNB following the anticipated completion of Hotel101’s enterprise mixture with JVSPAC Acquisition Company, which was authorized by shareholders on Tuesday, twenty fourth June.
With a deemed fairness worth at closing of US$2.3 billion, Hotel101 is the primary Filipino-owned firm to be listed and traded on the Nasdaq.
A noteworthy milestone
In keeping with Hotel101 International chief government Hannah Yulo-Luccini: “Right this moment is an thrilling milestone in Hotel101’s journey to turn into the world’s first actually international one-room resort chain. Hotel101 was born from a easy, revolutionary concept: a ‘one room’ international resort model delivering constant consolation and irresistible worth worldwide. Our asset-light, technology-driven platform positions us to scale quickly, with a objective to disrupt the hospitality business globally with 1 million rooms throughout 100 international locations.”
Likewise, Edgar “Injap” Sia II, chair and CEO of Hotel101’s mum or dad firm DoubleDragon Company, declared: “This can be a historic second for DoubleDragon, turning into the first-ever Filipino firm with a subsidiary listed and traded on the Nasdaq. It displays the power of our imaginative and prescient and the dedication of everybody who has helped deliver Hotel101 to this international stage. And we’re simply getting began – with a globally scalable mannequin and an extended runway forward, we intention to redefine the business and turn into a number one international hospitality model working in the direction of our imaginative and prescient of a listing of 1 million Hotel101 rooms globally.”
Asset-light, success-heavy
Hotel101’s administration believes that Hotel101 properties are environment friendly to construct, preserve, function, in addition to scale and develop via direct improvement, three way partnership partnerships, and franchise preparations.
Constructing on the success of Hotel101-branded properties within the Philippines, the place there are two working properties and a quantity below improvement, Hotel101 intends to speed up its international enlargement plans.
For instance, Hotel101-Madrid, a 680-room improvement adjoining to the brand new Components 1 Spanish Grand Prix Circuit in Valdebebas, is slated for completion in December of this 12 months.
Earlier this month, Hotel101 signed a 10-year settlement with an affiliate of MATCH Hospitality AG, making it an official resort companion of the F1 Spanish Grand Prix from 2026 to 2035.
Simply final month, Hotel101 additionally finalised an settlement with Saudi Arabia’s Horizon Group to determine a three way partnership for the event of as much as ten inns in Saudi Arabia.
The partnership underscores Hotel101’s confidence within the Kingdom’s dynamic tourism market, one of many fastest-growing globally below Imaginative and prescient 2030.
Development can also be underway for Hotel101-Niseko, a 482-room property in Hokkaido’s foremost winter sports activities vacation spot; and the corporate has even secured a website in Los Angeles, California, marking its entry into the US market.
In parallel, Hotel101 is actively pursuing 5 further joint ventures, additional advancing its objective of creating a presence in 25 precedence markets within the medium time period.
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