The filing was made on Feb. 1, 2025 (Philippine time), according to the property developer led by Edgar “Injap” Sia II and Tony Tan Caktiong.
It is part of the regulatory process required for foreign companies to list on a U.S. exchange through a merger or acquisition.
Once approved, Hotel101-Global will be listed under the ticker HBNB, making it the first Filipino company to have a subsidiary traded on NASDAQ.
DoubleDragon lines up over P50B in equity deals
The company expects 2025 to be a game-changing year, with plans to raise P51.3 billion in fresh capital through the Hotel101-Global listing and the public offering of CentralHub REIT, its industrial leasing business, on the Philippine Stock Exchange.
“DoubleDragon expects that 2025 will be the most significant year since the DoubleDragon joint venture between Edgar "Injap" Sia II and Tony Tan Caktiong came to life 13 years ago in 2012,” the developer said.
DoubleDragon controls investment properties spread across Luzon, Visayas, and Mindanao.
The upcoming US listing of Hotel101-Global is expected to further boost its balance sheet.
The company envisions operating one million rooms across over 100 countries, with 25 priority countries identified for expansion. Its first three overseas locations are Japan (Niseko), Spain (Madrid), and the United States (Los Angeles).
