Hotel101 prepares for NASDAQ debut in JVSPAC merger milestone
June 28, 2025
4:51PM PHT
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🔦Insider Spotlight: Hotel101’s Nasdaq debut
JVSpac and Hotel101 celebrate July 1, 2025 Nasdaq listing in Times Square, New York
Hotel101 eyes global expansion with 1 million rooms across 100 countries
Asset-light "proptech" model aims to disrupt traditional hotel chains
JVSpac Acquisition Corp and Hotel101 marked a key milestone in their business combination with a ceremonial bell ringing at the Nasdaq on Thursday, ahead of Hotel101’s anticipated public listing.
Driving the news:
The event, held at Nasdaq’s Times Square headquarters, celebrated the upcoming merger between blank-check firm JVSpac and Hotel101, a Philippine-based hospitality company that is positioning itself as a disruptive global hotel brand.
“This moment is for every Filipino who dares to dream big,” said Hotel101 CEO Hannah Yulo-Luccini, noting the significance of the milestone for the company and its Filipino roots.
The Hotel101-JVSpac team, led by Edgar "Injap" Sia II and Tony Tancaktiong display the Philippine flag outside the Nasdaq headquarters in Times Square, New York on Friday, July 27, 2025./Contributed Photo
Details:
JVSpac, listed in 2023, was formed for the purpose of merging with a promising target company.
In April 2024, it announced a business combination with Hotel101, a proptech-enabled hotel operator using an asset-light condotel model.
The model generates revenue through pre-sales of hotel units to individual buyers, followed by management and operations contracts.
The Hotel101-JVSpac team, led by Edgar "Injap" Sia II and Tony Tancaktiong right after the opening bell at the Nasdaq headquarters in New York, Friday, July 27, 2025./Contributed Photo
Why it matters:
The Nasdaq event marks Hotel101’s entry into the US capital markets and signals its intent to scale globally, leveraging a standardized product and tech-driven efficiencies.
“Today is a testament to all the hard work done at JVSpac Acquisition Corp and at Hotel101,” said Bob McCooey, Nasdaq vice chairman and head of its Asia-Pacific business. “Hotel101 is seen to disrupt the hospitality industry by offering identical, standardized hotel rooms around the world.”
The Hotel101-JVSpac team, led by Edgar "Injap" Sia II and Tony Tancaktiong display the Philippine flag right after the opening bell at the Nasdaq headquarters in New York, Friday, July 27, 2025./Contributed Photo
Expansion roadmap:
The company aims to build one million hotel rooms across 100 countries, beginning with ongoing projects in the Philippines, Japan, the US, and Spain.
It recently secured a deal to develop 10,000 rooms in Saudi Arabia, and was named official hotel partner of the Spanish Formula One Grand Prix in Madrid.
The bottom line:
Hotel101 is betting on a globally consistent hotel experience through a scalable tech platform—a move that could redefine how hospitality assets are developed, sold, and managed.
As JVSpac chair Albert Wong put it: “The road to 100 countries with one million rooms starts here today.”
