Insider Spotlight
“Yesterday, DD's subsidiary Hotel101 Global (HBNB) has reached a milestone of exceeding a market capitalization of $1 billion (P58 billion pesos) for the first time since its listing in the US Nasdaq stock exchange last July 1, 2025,” according to a market update sent to investors over the weekend.
The milestone came as HBNB shares rose 42 percent in the past month to $4.26 apiece as of Oct. 24, 2025, according to Nasdaq data.
The big picture
Hotel101 Global, which consolidates DoubleDragon’s overseas hotel ventures under a digital-driven model, has been positioning itself as a “PropTech” play — combining property investment with technology-based management and booking systems.
The firm’s growth comes amid increasing investor appetite for Southeast Asian real estate technology platforms, especially those with scalable global models.
By listing in the US, DoubleDragon’s founders — Edgar “Injap” Sia II and Tony Tan Caktiong — sought to give the Hotel101 brand international visibility and access to global capital markets.
Zoom in
The Nasdaq milestone is a boost for DoubleDragon’s diversification strategy, which aims to expand the Hotel101 concept to more than 25 countries by 2028. Its global portfolio includes projects in Japan, Spain, and the US.
What’s next
With its valuation now above $1 billion, Hotel101 Global is expected to accelerate expansion and partnerships across key international markets, leveraging its Nasdaq visibility to raise additional capital and reinforce its technology backbone.
The company’s next financial disclosures will be closely watched to see whether revenue growth can match the stock’s momentum.
— Edited by Daxim L. Lucas
