Hotel101 Global to raise $300M from US share sale in first post-listing fundraise

Hotel101 Global Holdings Corp., a subsidiary of DoubleDragon Corp., is planning its first major capital raise since listing in the United States, targeting up to $300 million (about P17.7 billion) through a proposed issuance of perpetual convertible preferred shares.

The hotel developer led by Filipino tycoons Edgar “Injap” Sia II and Jollibee Group founder Tony Tan Caktiong said its board approved the plan on Jan. 23 this year. 

The US offering is expected to be carried out in one or more tranches in 2026 through private placements to qualified institutional buyers and/or registered offerings.

Edgar “Injap” Sia II

DoubleDragon chair, CEO 

Deal structure

The transaction remains subject to market conditions, engagement of underwriters and advisers, execution of definitive agreements, and regulatory approvals.

Hotel101 Global said proceeds are intended mainly to fund the expansion of its asset-light hotel model through joint ventures and licensing arrangements.

Expansion track

The group has announced or lined up Hotel101 projects in markets such as Madrid, Niseko, Los Angeles andMelbourne, and key Philippine cities, as it pushes toward a wider international footprint.

For 2026, the company is targeting commitments for a substantial portfolio of rooms across multiple countries as part of that rollout.

Hotel101 Global, listed on Nasdaq under the ticker HBNB, had a market capitalization of about $2.3 billion (around P139 billion). 

 —Edited by Miguel R. Camus