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Philippine asset-light hospitality administration agency Hotel101 Global Holdings Corporation officially acquired approval to record on the Nasdaq Stock Exchange within the United States.
The firm’s shares are set to start buying and selling on Tuesday, 1st July, and the corporate celebrated the itemizing by ringing the Opening Bell right now, twenty eighth June.
Trading is scheduled to start beneath the ticker image HBNB following the anticipated completion of Hotel101’s enterprise mixture with JVSPAC Acquisition Corporation, which was permitted by shareholders on Tuesday, twenty fourth June.
With a deemed fairness worth at closing of US$2.3 billion, Hotel101 is the primary Filipino-owned firm to be listed and traded on the Nasdaq.
A noteworthy milestone
According to Hotel101 Global chief govt Hannah Yulo-Luccini: “Today is an exciting milestone in Hotel101’s journey to become the world’s first truly global one-room hotel chain. Hotel101 was born from a simple, revolutionary idea: a ‘one room’ global hotel brand delivering consistent comfort and irresistible value worldwide. Our asset-light, technology-driven platform positions us to scale rapidly, with a goal to disrupt the hospitality industry globally with 1 million rooms across 100 countries.”
Likewise, Edgar “Injap” Sia II, chair and CEO of Hotel101’s dad or mum firm DoubleDragon Corporation, declared: “This is a historic moment for DoubleDragon, becoming the first-ever Filipino company with a subsidiary listed and traded on the Nasdaq. It reflects the strength of our vision and the dedication of everyone who has helped bring Hotel101 to this global stage. And we’re just getting started – with a globally scalable model and a long runway ahead, we aim to redefine the industry and become a leading global hospitality brand working towards our vision of an inventory of one million Hotel101 rooms globally.”
Asset-light, success-heavy
Hotel101’s administration believes that Hotel101 properties are environment friendly to construct, preserve, function, in addition to scale and increase by means of direct growth, three way partnership partnerships, and franchise preparations.
Building on the success of Hotel101-branded properties within the Philippines, the place there are two working properties and a quantity beneath growth, Hotel101 intends to speed up its world growth plans.
For instance, Hotel101-Madrid, a 680-room growth adjoining to the brand new Formula 1 Spanish Grand Prix Circuit in Valdebebas, is slated for completion in December of this 12 months.
Earlier this month, Hotel101 signed a 10-year settlement with an affiliate of MATCH Hospitality AG, making it an official lodge companion of the F1 Spanish Grand Prix from 2026 to 2035.
Just final month, Hotel101 additionally finalised an settlement with Saudi Arabia’s Horizon Group to ascertain a three way partnership for the event of as much as ten resorts in Saudi Arabia.
The partnership underscores Hotel101’s confidence within the Kingdom’s dynamic tourism market, one of many fastest-growing globally beneath Vision 2030.
Construction can be underway for Hotel101-Niseko, a 482-room property in Hokkaido’s foremost winter sports activities vacation spot; and the corporate has even secured a web site in Los Angeles, California, marking its entry into the US market.
In parallel, Hotel101 is actively pursuing 5 further joint ventures, additional advancing its purpose of creating a presence in 25 precedence markets within the medium time period.
The publish Hotel101 Global officially lists on NASDAQ appeared first on Travel Daily Media.
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