DoubleDragon Corporation’s hospitality arm is ramping up its global expansion drive, with subsidiary Hotel101 Global Holdings Corp. advancing a planned US$300 million (about P18 billion) Series A perpetual preferred share offering in the United States.
In a disclosure to the Nasdaq Stock Market, the company said proceeds will primarily fund the worldwide rollout of its Hotel101 projects, as it pushes its asset-light, technology-driven hospitality platform into a new phase of rapid international growth.
The capital raise comes as DoubleDragon targets a record year for room openings. A total of 2,229 new rooms are scheduled to come online in 2026, led by 680 rooms in Madrid, Spain, which opened in March. A total 519 rooms are in Davao, 548 rooms in Cebu, and 482 rooms in Niseko, Hokkaido, Japan.
The Madrid property, Hotel101-Madrid, marks the brand’s first overseas project and has exceeded initial expectations in both operating and occupancy performance. The company expects the property to reach above-industry occupancy levels ahead of the inaugural Formula 1 Spanish Grand Prix in September, where it has been named an official hotel partner under a 10-year agreement with MATCH Hospitality.
These developments underscore Hotel101 Global’s long-term ambition to build a portfolio of one million standardized hotel rooms across 100 countries, positioning itself as a scalable global brand.
DoubleDragon said it will continue tapping capital markets in both the Philippines and the United States to strengthen its balance sheet, to grow its equity base to P500 billion, as it accelerates expansion across key international destinations.
