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Manila Bulletin devider Business devider The Stock Market devider Hotel101 Nasdaq debut set for June 27

Hotel101 Nasdaq debut set for June 27

Published Jun 18, 2025 05:43 pm
After a few months’ delay, DoubleDragon Corporation’s Hotel101 Global Holdings Corporation is finally listing at the Nasdaq Stock Exchange on June 27, 2025, the first Filipino-owned company to be listed and traded in the US bourse.
To be listed with an equity value of $2.3 billion, Hotel101 Global will trade under the stock symbol HBNB.
Hotel101 is a hotel prop-tech operator pioneering a globally standardized, asset-light “condotel” business model.
This comes after the United States Securities and Exchange Commission declared effective Hotel101 Global's registration statement in connection with the business combination with JVSPAC Acquisition Corp.
It was in April 2024 that DoubleDragon, a partnership between tycoons Tony Tan Caktiong and Edgar Sia II, announced that subsidiary Hotel101 and its affiliates have entered into a binding definitive merger agreement with JVSPAC which will lead to its listing on the Nasdaq.
Hotel101 is “seen to become a major brand, concept and business model export of the Philippines, given its Asset-Light business model could become one of the major source of US Dollar inflow to the Philippines.”
Last month, Hotel101 said it has teamed up with Horizon Group for a major expansion in the Kingdom of Saudi Arabia with plans to develop up to 10,000 hotel rooms worth $2.5 billion.
Hotel101 has signed a Joint Venture Partnership Agreement with Horizon Group as the main partner for its expansion into the Kingdom of Saudi Arabia with a vision to introduce the Hotel101 Brand.
Horizon Group is a Saudi-headquartered investment company led by the brothers Khaled and Abdulrahman Sharbatly, and Wael Daqal, with a focus on partnering and investing in industries with international market leaders.
Horizon has many partnerships and affiliations such as Alnahla Group and SAMACO, and is a market leader in its industry with a preference and focused on Hospitality and Manufacturing.
An initial five locations for Hotel101 projects have been identified, the first of which is intended to be located in Medina, followed by Riyadh, Jeddah, Abha and Alula.
Hotel101 said it recognizes the strategic opportunities presented by the Saudi market and is committed to rolling out a standardized and predictable hotel offering on average 500 rooms per site which can cater to the evolving and growing demands of the Saudi market.

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DoubleDragon Corporation Hotel101 Global Pte. Ltd. Nasdaq Tony Tan Caktiong Edgar Sia II
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