U.S. regulators have approved the merger of Hotel101 Global Holdings Corp. and JVSPAC Acquisition Corp., clearing the way for the hospitality startup’s Nasdaq listing later this month under the ticker symbol HBNB. The transaction values the combined entity at approximately USD2.3 billion.
Hotel101, a subsidiary of Philippine-listed DoubleDragon Corp., will become the first Filipino-owned company to be listed on Nasdaq, signaling a major milestone for Southeast Asian corporate representation in U.S. capital markets.
“This is a pivotal step in scaling our standardized condotel platform globally,” said Hannah Yulo-Luccini, CEO of Hotel101. She emphasized the company’s asset-light, prop-tech hospitality model, which combines real estate investment with hotel management for dual revenue generation—pre-sale of hotel units to individual owners and long-term operational contracts.
DoubleDragon chairman and CEO Edgar “Injap” Sia II highlighted the global growth potential, citing strong demand from the expanding middle class. “We believe Hotel101’s model has the potential to disrupt the mid-market hospitality sector on a global scale,” he said.
Hotel101 is expanding in Japan, Spain, and the U.S., with plans to enter 25 priority countries in the medium term, as part of a longer-term goal to establish a presence in 100 countries worldwide. The Nasdaq listing is expected to give the company access to U.S. capital markets to fuel these ambitions.
Albert Wong, chairman of JVSPAC, said that the transaction underscores investor confidence in Hotel101’s unique value proposition and its potential for scalable, long-term growth in the global hospitality industry.
