Hotel101 Global Pte. Ltd., a rapidly expanding asset-light, prop-tech hospitality platform and a subsidiary of Philippine-listed DoubleDragon Corporation (PSE: DD), on Monday, July 1, announced its official commencement of trading on the US Nasdaq Stock Exchange under the stock ticker symbol “HBNB.” The historic milestone was marked by a bell-ringing ceremony held at the Nasdaq Stock Exchange in New York City.
With an impressive equity valuation of US$2.3 billion, Hotel101 Global proudly becomes the first-ever Filipino-owned company to be listed and traded on the Nasdaq, signifying a monumental achievement for Philippine business on the global stage.
Hotel101’s innovative business model is designed for rapid global expansion, offering a highly unique and portable concept that is exportable to various continents. This asset-light approach distinguishes it within the hospitality sector and aligns with DoubleDragon Corporation’s strategic vision.
DoubleDragon has not only diversified its hard asset portfolio across the Philippines but has also organically developed this novel concept, positioning Hotel101 as a significant future generator of US dollar inflows to the Philippine economy.
The global expansion of Hotel101 is well underway, with its first overseas project nearing completion in Madrid, Spain.
The Hotel101 Global Group is committed to its ambitious vision of establishing 1 million Hotel101 rooms across 100 countries worldwide. This expansion is also expected to further elevate the globally-renowned Filipino brand of hospitality in every country where Hotel101 operates.
