The US Securities and Exchange Commission (SEC) approved Hotel101’s F-4 registration statement on June 2, 2025, paving the way for its planned listing this June 2025. Double Dragon shares jumped over 10 percent to P11.20 each on Tuesday.
Hotel101 will trade under the ticker symbol “HBNB” with an expected equity value of $2.3 billion (P130 billion), priced at $10 per share.
The listing will follow a merger with US-based JVSPAC Acquisition Corp. (NASDAQ: JVSA).
Final closing of the deal is subject to regulatory and shareholder approvals and other standard conditions. Once listed, Hotel101 aims to expand its global reach as a key player in the hotel sector.
Hotel101 Global, backed by Filipino tycoons Edgar "Injap" Sia II and Tony Tan Caktiong, is bringing the Hotel101 condotel brand to the international market.
A key part of its growth strategy is an ambitious overseas expansion, with projects already in the works in Niseko, Japan, Madrid, Spain, Los Angeles, California, and Saudi Arabia.
