Azela Torrefranca Esponilla Honor
Azela Torrefranca Esponilla Honor emerges as a beacon of excellence in Philippine real estate—...
A hospitality company with Philippine roots has made its debut on the US Nasdaq Stock Exchange as it sets its sights on rapid global expansion.
Hotel101 Global Pte. Ltd., a subsidiary of property developer DoubleDragon Corp., began trading under the ticker symbol “HBNB” on July 1, marking the company’s formal entry into the US capital markets. With an equity value of USD 2.3 billion, Hotel101 Global is the first Filipino-owned firm to list on Nasdaq.
The listing is expected to support the company’s plans to roll out its “one-room” hotel concept across 100 countries, with a long-term goal of reaching one million rooms. Hotel101 describes its model as “uniform, asset-light, and tech-driven,” aimed at offering consistent accommodations and streamlined booking experiences across the globe.
Initial international locations include Madrid, Spain — where the brand’s first overseas property is nearing completion — along with sites in Japan and the United States.
Hotel101 Global executives said the Nasdaq listing provides broader access to capital, allowing the firm to accelerate construction and market entry in various territories. “We believe the moment is now for Hotel101,” said CEO Hannah Yulo-Luccini, citing the brand’s strong fundamentals and potential to scale rapidly.
In the Philippines, Hotel101 plans to continue organic expansion, having maintained high occupancy rates in its local operations over the last eight years.
The company’s entry into Nasdaq comes amid global uncertainty, but executives remain confident in the resilience of the hospitality sector and growing demand for value-focused lodging options.
Over the next three years, Hotel101 aims to expand into 25 countries, with long-term projections to position the brand as a recognizable player in the global hospitality industry. Its expansion is also seen to highlight Filipino hospitality on the world stage and contribute foreign-denominated revenues to its parent firm.
Leave a Comment