Hotel101 Global eyeing $300 million from US share sale

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January 25, 2026 | 12:00am

MANILA, Philippines — Hotel101 Global Holdings Corp., the Nasdaq-listed subsidiary of DoubleDragon Corp., is preparing to raise as much as $300 million from the issuance of perpetual convertible preferred shares in the United States.

The approximately P17.7-bilion capital raising initiative is the second major step of Hotel101 Global in tapping the US capital market since making history in June last year by becoming the first Filipino-owned company to be listed and traded on the US Nasdaq.

The proposed offering, which is subject to market conditions and other factors, will be done in one or more private placements to persons reasonably believed to be “qualified institutional buyers.”

It is targeted to take place this year and may be conducted in one or more tranches.

“There can be no assurance that the proposed transaction will occur at all, or be completed in the time frame, on the terms or in the manner described herein,” the company said.

Proceeds from the proposed transaction will be used to fund the company’s strategic expansion of Hotel101 projects worldwide to advance its innovative, asset-light, technology-enabled hospitality platform.

“The proposed transaction is expected to mainly fuel the prop-tech, asset-light HBNB business model towards its next growth stage of worldwide expansion,” the company said.

Hotel101 Global’s board has authorized management to engage underwriters, placement agents, financial advisors and legal counsel, as necessary, to assist in the pursuit, preparation and execution of the planned transaction.

The proposed offering is also expected to further boost the balance sheet of Hotel101 Global’s parent, DoubleDragon, the property developer chaired by tycoons Edgar “Injap” Sia II and Tony Tan Caktiong.

Hotel101 Global has a market capitalization of $2.3 billion as of Jan. 16.

Hotel101 Global is targeting to secure commitments for a substantial portfolio of rooms across multiple countries this year, primarily through joint ventures and licensing agreements with established local partners.

It said the approach enables efficient and scalable growth while leveraging regional expertise.

Hotel101 Global’s US listing last year was seen opening new doors for the company to tap the deep and broad pool of capital in the US.

The company is targeting to operate one million rooms across 100 countries worldwide under its global growth strategy.