Hotel101 Global Achieves Nasdaq Listing
Philippine hospitality firm Hotel101 Global announces its upcoming Nasdaq listing with trading commencing under the symbol HBNB from July.
Hotel101 Global Achieves Nasdaq Listing
Philippine asset-light hospitality management firm Hotel101 Global Holdings Corporation officially declared that it has received approval to list on the Nasdaq Stock Exchange in the United States.
The company plans to start trading on July 1st and marked this occasion by ringing the Opening Bell on June 28th.
Trading will commence under the ticker symbol HBNB, following the successful completion of its business combination with JVSPAC Acquisition Corporation, approved by shareholders on June 24th.
Hotel101 is recognized as the first Filipino-owned entity to be listed and traded on the Nasdaq, representing a substantial equity value estimated at US$2.3 billion.
A noteworthy milestone
According to Hannah Yulo-Luccini, CEO of Hotel101 Global: > “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.”
Edgar “Injap” Sia II, chair and CEO of DoubleDragon Corporation, also commented: > “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
Management at Hotel101 estimates that its properties are designed for efficiency in building, maintenance, operations, and scalability through direct developments, joint venture partnerships, and franchise agreements.
With existing successes from its operations in the Philippines, Hotel101 aims to accelerate its global expansion. Projects like Hotel101-Madrid, a 680-room development next to the new Formula 1 Spanish Grand Prix Circuit set to open in December, exemplify these ambitions.
The company has also formed a long-term partnership with MATCH Hospitality AG to become an official hotel partner for the F1 Spanish Grand Prix from 2026 to 2035.
Additionally, Hotel101 has secured a joint venture with Saudi Arabia’s Horizon Group for developing up to ten hotels, aiming to tap into the Kingdom’s expanding tourism market under Vision 2030.
Current projects also include construction for Hotel101-Niseko, located in Japan’s premier skiing destination, and plans for a site in Los Angeles, marking entry into the U.S. market.
Moreover, Hotel101 is pursuing five additional joint ventures to establish a presence in 25 key markets in the foreseeable future.
