Hotel101 eyes $300-M US offering for global rollout
HOTEL101 Global Holdings Corp., the Nasdaq-listed subsidiary of DoubleDragon Corp., is moving forward with a planned $300-million Series A perpetual preferred share offering in the United States to support its international expansion.
In a disclosure, the company said it has taken the next step for the offering, with proceeds expected to “fuel the company’s strategic expansion of Hotel101 projects worldwide” and support “advancing its innovative, prop-tech hospitality platform.”
The move is part of its shift toward an asset-light model, which it said is “accelerating its progression to pure asset-light hyper growth worldwide expansion.”
Hotel101 Global added that it continues to tap capital markets in both the Philippines and the United States to strengthen its balance sheet, with the goal of increasing its total equity base to P500 billion.
DoubleDragon expects to open its highest number of hotel rooms in a single year this year.
“A total of new additional 2,229 hotel rooms are slated to be operational this year 2026,” the company said, including 680 rooms in Madrid, Spain, which opened in March.
Additional openings include 519 rooms in Davao, 548 rooms in Cebu, and 482 rooms in Niseko, Hokkaido, Japan.
“The very first Hotel101 overseas that opened on March 10, 2026, has exceeded the company’s expectation in terms of its operating and occupancy performance,” the company said.
It added that Hotel101 Madrid is expected to reach above-industry occupancy levels ahead of the Formula 1 Grand Prix in Madrid in September 2026, where the property has been designated as an official hotel partner under a 10-year agreement with MATCH Hospitality.
These developments support Hotel101 Global’s plan to build and operate one million standardized Hotel101 rooms across 100 countries.
Hotel101 Global had a market capitalization of about $2.34 billion as of Jan. 16.
The company operates an asset-light property technology-driven hospitality platform using a standardized global condotel business model.
Shares in DoubleDragon rose by 0.11% to close at P9.13 each on Tuesday. — Alexandria Grace C. Magno
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