Hotel101 Global Holdings Corp., the Nasdaq-listed condotel operator, is seeking to raise as much as $300 million through a private placement of shares as it prepares to scale its asset-light business model across international markets.

In a disclosure to Nasdaq, Hotel101 said the company’s board of directors approved the issuance of perpetual convertible preferred shares to qualified institutional buyers.

The offering, which may be conducted in several tranches, is expected to take place in 2026. The completion of the deal remains subject to market conditions, regulatory registrations, and the execution of definitive agreements with underwriters and placement agents.

Manila-based parent DoubleDragon Corp. has pivoted to a “prop-tech” strategy via Hotel101, which standardizes hotel rooms into a single “HappyRoom” format. This model allows the firm to generate cash flow twice: first through the pre-sale of individual units to investors during construction, and subsequently through recurring revenue from daily hotel operations.

Hotel101 plans to use the net proceeds to accelerate its worldwide pipeline, which has a long-term goal of reaching one million rooms across 100 countries.

For 2026, the company is focusing on securing commitments for a substantial room portfolio, primarily through joint ventures and licensing deals with local partners to maintain a lean balance sheet.

The capital raise follows the company’s debut on the Nasdaq under the ticker HBNB. As of Jan. 16, 2026, the company had a market capitalization of approximately $2.34 billion. The move into US capital markets highlights the firm’s intent to compete on a global scale as it moves beyond its primary Southeast Asian footprint.

The first major milestone for its international expansion is the Hotel101-Madrid project. The company expects the Spanish site to become its first operational global project, with plans to begin accepting guests by March 2026. This property serves as the blueprint for the company’s expansion into Europe and other regions where it aims to replicate its high-volume, standardized hospitality platform.

While the company is pushing for rapid growth, the offering’s success will depend on investor appetite for convertible instruments and the hospitality sector’s performance in 2026. The firm has authorized management to engage financial advisors and legal counsel to finalize the transaction details.