Hotel101 sets $300-M US capital raising
DoubleDragon Corp.’s subsidiary Hotel101 Global is moving forward with a $300-million capital-raising plan in the United States to accelerate its global expansion.
In a disclosure filed with the US Nasdaq, the company led by tycoons Edgar Sia II and Tony Tan Caktiong said the proposed offering—equivalent to about P18 billion—would support the rollout of Hotel101 projects worldwide. It is also seen to strengthen its asset-light, property tech hospitality platform.
The fundraising initiative forms part of the group’s broader strategy to scale its international footprint, while also boosting its balance sheet as it targets a total equity base of P500 billion.
Hotel101 Global is ramping up its expansion pipeline, with 2,229 new hotel rooms expected to open this year. These include 680 rooms in Madrid, 519 in Davao, 548 in Cebu and 482 in Niseko, Japan.
The Madrid property, which began operations in March, is set to benefit from its designation as an official hotel partner for the Formula 1 Spanish Grand Prix starting September 2026.
Hotel101 operates under a standardized “condotel” model that generates revenue both from unit sales during construction and recurring income from hotel operations.
The platform, listed on Nasdaq, aims to disrupt the global hospitality sector through its technology-driven approach and scalable business model.
The group is pursuing aggressive growth targets, including expanding to 25 countries in the medium term and reaching 1 million rooms across 100 countries over the long term.
DoubleDragon said it continued to tap both domestic and international capital markets to support this expansion strategy and sustain long-term growth.
