The revolution in the global hotel industry is gaining a new chapter. Hotel101 Global Holdings Corp. ("Hotel101" or "HBNB"), a prop-tech hospitality platform with an asset-light business model designed for rapid global expansion, has announced the receipt of official approval for listing on the prestigious Nasdaq stock exchange. Trading of shares under the stock symbol "HBNB" is expected to begin tomorrow, July 1, 2025, opening a new era for this innovative company.

This significant step was celebrated with a symbolic ringing of the opening bell at Nasdaq, marking Hotel101's entry into the US capital market. The start of trading will follow the expected completion of the business combination with JVSPAC Acquisition Corp. (Nasdaq: JVSA), a transaction approved by JVSPAC shareholders on June 24, 2025. With an estimated equity value of a staggering $2.3 billion at closing, Hotel101 becomes the first Philippine-owned company to be listed on Nasdaq, representing a historic moment for the Philippine economy. Hotel101 is a subsidiary of the Philippine company DoubleDragon Corporation (PSE: DD), which is listed on the Philippine Stock Exchange.

A Vision That Changes the Rules of the Game

Hannah Yulo-Luccini, CEO of Hotel101, did not hide her enthusiasm for this achievement. "This is an exciting milestone on Hotel101's journey to becoming the first truly global hotel chain with a single room type in the world. Hotel101 was born from a simple yet revolutionary idea: a global hotel brand with 'one room' that provides consistent comfort and irresistible value worldwide," she stated. She emphasized that their platform, based on an "asset-light" model and advanced technology, allows for rapid scaling with the ambitious goal of disrupting the hospitality industry on a global scale, with a vision of one million rooms in over 100 countries.

Her words were echoed by Edgar "Injap" Sia II, Chairman and CEO of DoubleDragon Corporation and founder of Hotel101. "This is a historic moment for DoubleDragon, becoming the first Philippine company whose subsidiary is listed on Nasdaq. It reflects the strength of our vision and the commitment of everyone who helped bring Hotel101 to this global stage. And we are just getting started – with a globally scalable model and a long road ahead, our goal is to redefine the industry and become the leading global hospitality brand working towards our vision of a one-million-room inventory for Hotel101 globally," said Sia.

The Revolutionary "Condotel" Model and Global Expansion

The management of Hotel101 is convinced that their business model is the key to success. Their properties are efficient to build, maintain, and operate, as well as to scale and expand through direct development, joint venture partnerships, and franchise arrangements. What makes Hotel101 unique is the global "one room" concept. Every room in any Hotel101 hotel in the world is identical, standardized, and offers the same level of comfort and functionality. This achieves exceptional efficiency, especially in the value-for-money segment, as guests always know exactly what to expect, regardless of the location.

This approach simplifies development, operational processes, and the overall guest experience. At the heart of it all is Hotel101's proprietary app, which has over one million registered users and serves as a centralized platform for bookings, customer service, and loyalty programs. The system uses dynamic room pricing and offers a self-check-in option, which is further facilitated by having only one type of room. At Hotel101, they expect to set a new standard for efficiency, predictability, and scalability.

Their "asset-light" 'condotel' prop-tech business model is designed to scale efficiently while maximizing value for both unit owners and guests. Hotel101 generates revenue in two ways: first, by pre-selling individual hotel units during the construction phase; and second, from long-term, recurring revenues from daily hotel operations after construction is completed. By pre-selling standardized hotel units, Hotel101 generates initial capital to finance new projects and expand rapidly. Long-term management agreements with unit owners create a stable and recurring revenue stream, ensuring long-term sustainability.

Concrete Projects Around the World

Building on the success of the Hotel101 branded properties in the Philippines, where two hotels are already operational and numerous others are in the development phase, the company intends to accelerate its global expansion plans. One of the most prominent projects is Hotel101-Madrid, a 680-room property located right next to the new Formula 1 Spanish Grand Prix track in Valdebebas. The completion of this impressive building in Madrid is planned for December 2025. Earlier this month, Hotel101 signed a ten-year contract with a subsidiary of MATCH Hospitality AG, becoming the official hotel partner of the Formula 1 Spanish Grand Prix from 2026 to 2035.

In May 2025, an agreement was also signed with the Saudi group Horizon Group to establish a joint venture to develop up to 10 hotels in Saudi Arabia, subject to additional agreements. This partnership highlights Hotel101's confidence in the Kingdom's dynamic tourism market, one of the fastest-growing in the world as part of the "Vision 2030". The construction of Hotel101-Niseko, a 482-room property in Hokkaido, Japan, is also underway. The company has also secured a location in Los Angeles, California, marking its entry into the US market. In parallel, Hotel101 is actively working on five additional joint ventures, progressing towards its medium-term goal of establishing a presence in 25 priority markets.

The Power Behind the Success: DoubleDragon Corporation

Headquartered in Singapore, Hotel101 Global Holdings Corp. is a pioneer of the global standardized "condotel" business model. Hotel101 aims to bridge the gap between traditional hotels and fragmented hospitality markets. Unlike traditional hotel chains that require significant capital investment for growth or market aggregators that lack consistency and branding, the Hotel101 model provides individual condominium unit owners with direct ownership of a hotel unit while maintaining the brand consistency and professional management of a global hotel chain.

The parent company, DoubleDragon Corporation, currently has total assets of approximately $4 billion, with a portfolio that includes over one million square meters of gross floor area, mainly from provincial shopping malls, a series of office buildings, a chain of industrial warehouse complexes, and a chain of hotels. DoubleDragon Corporation has been listed on the Philippine Stock Exchange since 2014 and is controlled by two entities that jointly hold a 70% majority stake: Injap Investments Inc., a private family holding company led by Filipino entrepreneur Edgar "Injap" Sia II, who is also the Chairman of MerryMart Consumer Corp. and founder of Mang Inasal, one of the largest fast-food chains in the Philippines, now owned by Jollibee Foods Corp.; and Honeystar Holdings Corp., a private family holding company led by Filipino entrepreneur Tony Tan Caktiong, who is also the Chairman and founder of the global fast-food chain Jollibee Foods Corp. Jollibee is the largest fast-food company in the Philippines and one of the largest in the world, with a portfolio of food brands with more than 9,900 outlets worldwide. Jollibee Foods Corp. currently has a market capitalization of over $4.3 billion. More information is available on their official website www.hotel101global.com.