The listing ceremony kicks off at 9:00 a.m. (New York time) at Nasdaq headquarters in Times Square. Hotel101 Global, the overseas arm of DoubleDragon Corp., is going public via a special purpose acquisition company (Spac) to raise funds for its global rollout.
DoubleDragon is led by Filipino tycoons Edgar “Injap” Sia II, founder of Mang Inasal, and Tony Tan Caktiong, founder of Jollibee Foods Corp.
Hotel101 Global is targeting 500,000 hotel rooms across 101 countries by 2040. It enters the US market with an equity value of $2.3 billion, and its ticker, HBNB, playfully resembles Airbnb’s well-known ABNB.
Hotel101’s footprint already includes projects in Spain, Japan, and a planned development in Los Angeles.
In the Middle East, the company has teamed up with Horizon Group to build 10,000 rooms worth $2.5 billion across five cities in Saudi Arabia, starting with Medina.
Its condotel model—where units are sold to individual investors but centrally operated like a hotel—allows the company to scale quickly without heavy capital outlay.
This asset-light setup generates recurring income from operations while giving buyers passive rental returns, anchoring its strategy to grow fast across multiple countries.
—Edited by Miguel R. Camus
