Hotel101 eyes $300-M US fundraising
Homegrown hotel chain developer Hotel101 Global Holdings Corp. plans to raise up to $300 million, or about P17.7 billion, through the proposed issuance of perpetual convertible preferred shares in the United States.
In a disclosure, DoubleDragon Corp. said its board had approved the proposed fundraising of its hospitality subsidiary. This will be carried out in one or more private placements to qualified institutional buyers under Rule 144A of the US Securities Act of 1933 or through registered offerings, subject to market conditions and regulatory approvals.
The issuance, targeted for 2026, is expected to be conducted in one or more tranches.
The company said proceeds would mainly be used to fuel the expansion of its property tech, asset-light hospitality platform as it moves into the next stage of global growth.
Hotel101 Global aims to accelerate the rollout of its standardized Hotel101 projects worldwide through joint ventures and licensing agreements with established local partners.
For 2026, the company is targeting to generate take-up commitments for a substantial portfolio of rooms across multiple countries, a strategy seen to allow scalable expansion while leveraging regional expertise.
The proposed transaction is also expected to further strengthen the balance sheet of parent firm DoubleDragon Corp., which reported a total asset base of P217.3 billion as of Sept. 30, 2025.
Globalizing
As of Jan. 16, Nasdaq Stock Exchange-listed Hotel101 Global had a market capitalization of about $2.3 billion, or roughly P139 billion.
The company is pursuing a long-term goal of operating one million Hotel101 rooms across 100 countries, anchored on its standardized “HappyRoom” model and “condotel” structure.
Hotel101 Global is expected to begin accepting guests at Hotel101-Madrid, its first global project to become operational, by March 2026.
DoubleDragon said Hotel101’s listing on the US stock exchange was expected to continuously enable the DD Group to access sizable equity capital, supporting its ambition to scale Hotel101 into a globally competitive, homegrown hospitality brand.
Hotel101 aims to be a global Filipino hospitality brand. The group, led by tycoons Edgar Sia II and Tony Tan Caktiong, previously started development of hotels in Niseko, Japan; Madrid, Spain and Los Angeles, United States.
