Hotel101 Global has officially made history as the first Filipino company to be listed on the Nasdaq Stock Exchange, a move hailed as a landmark achievement in the country’s corporate and hospitality sectors.
The asset-light hospitality firm—headquartered in the Philippines but with bold global ambitions—was formally welcomed to the US financial market on June 28 through a bell-ringing ceremony in New York. Trading of its shares is scheduled to begin on July 1 under the ticker symbol HBNB, following the completion of its business combination with JVSPAC Acquisition Corporation, which was approved earlier in the week.
With a valuation of US$2.3 billion at closing, Hotel101 Global Holdings Corporation not only breaks ground for its own business but also paves the way for other Filipino companies eyeing international expansion.
“Today is an exciting milestone in Hotel101’s journey to become the world’s first truly global one-room hotel chain,” said Hannah Yulo-Luccini, CEO of Hotel101 Global. “Hotel101 was born from a simple, revolutionary idea: a ‘one room’ global hotel brand delivering consistent comfort and irresistible value worldwide.”
Edgar “Injap” Sia II, chairman and CEO of DoubleDragon Corporation—Hotel101’s parent firm—emphasized the magnitude of the milestone: “This is a historic moment for DoubleDragon, becoming the first-ever Filipino company with a subsidiary listed and traded on the Nasdaq. And we’re just getting started.”
Hotel101 follows a unique, scalable business model using a tech-driven, asset-light approach that allows rapid global expansion through direct development, joint ventures, and franchises.
The brand currently operates two properties in the Philippines, with several more under development. Internationally, its pipeline is rapidly expanding, with Hotel101-Madrid, a 680-room project beside the new Formula 1 Spanish Grand Prix Circuit, set to open by December 2025.
It recently partnered with MATCH Hospitality AG, securing a 10-year deal to be an official hotel partner for the F1 Spanish Grand Prix starting 2026. In the Middle East, a joint venture with Saudi Arabia’s Horizon Group was also sealed to develop up to ten hotels in the Kingdom.
Meanwhile, Hotel101-Niseko is under construction in Japan, and a property in Los Angeles has already been secured, marking the company’s first foray into the US hotel market.
The company is also actively negotiating five more joint ventures as it targets expansion into 25 priority markets worldwide—further cementing its ambitious plan to offer one million rooms in 100 countries.
