Hotel101 becomes first Philippine firm to list on US Nasdaq

MANILA, Philippines — Hotel101 Global Pte. Ltd., a subsidiary of DoubleDragon Corp., marked a historic milestone by becoming the first Filipino-owned company to be listed and traded on the US Nasdaq.

Hotel101 Global listed at the Nasdaq Stock Exchange in New York City on June 27, with its shares set to begin trading on July 1, 2025.

Trading is scheduled to commence under the ticker symbol “HBNB” following the expected completion of Hotel101’s business combination with JVSPAC Acquisition Corp., which was approved by JVSPAC shareholders on June 24, 2025.

“This is a historic moment for DoubleDragon, becoming the first-ever Filipino company with a subsidiary listed and traded on the Nasdaq. It reflects the strength of our vision and the dedication of everyone who has helped bring Hotel101 to this global stage,” DoubleDragon chairman and CEO Edgar “Injap” Sia II said.

Sia said Hotel101’s listing is just a start, with the company aiming to redefine the industry and become a leading global hospitality brand.

“Today is a celebration of a shared journey. A testament to the unwavering spirit and dedication of our team and a bold step towards building a global legacy,” Hotel101 Global CEO Hannah Yulo-Luccini said.

“I want to extend my gratitude to our founders Injap Sia and Tony Tan Caktiong, whose vision, grit and relentless passion have carried us to this extraordinary stage. Today, we carry the pride of our nation and showcase the warmth, excellence and heart of Filipino hospitality to the world. This moment is for every Filipino who dares to dream big,” she said.

The listing was a result of a business combination agreement between Hotel101 and JVSPAC Acquisition Corp., valuing the company at an equity value of $2.3 billion.

Singapore-headquartered Hotel101 Global entered into a definitive merger agreement with JVSPAC last year.

DoubleDragon, the property developer chaired by Sia and Tan Caktiong, earlier said that Hotel101 Global is poised to push through with its US listing this month after the United States Securities and Exchange Commission declared effective the company’s registration statement on form F-4.

Hotel101-Global officially filed and submitted its F-4 registration statement earlier this year, marking a significant step toward its Nasdaq listing.

Hotel101 Global’s US listing opens new doors for the company to tap the deep and broad pool of capital in the US.

“To the Nasdaq, thank you for opening your doors to us and allow us to celebrate our upcoming entry to the Nasdaq family. Our story began with a simple yet revolutionary idea, a one-room global hotel brand. A promise of consistency, comfort and irresistible value wherever in the world our guests may be,” Yulo-Luccini said.

DoubleDragon aims to make Hotel101 the largest hotel company in the Philippines and simultaneously become one of the top five hotel companies in the world.

Hotel101’s long-term vision is to have one million rooms, operating in over 100 countries worldwide.

The first three locations of Hotel101 overseas projects include Spain, Japan and the US.

Hotel101 Global also recently signed a joint venture partnership agreement with Saudi-headquartered investment company Horizon Group to develop up to 10,000 rooms worth about $2.5 billion in Saudi Arabia.

“Our vision knows no borders – to build one million hotel rooms and be present in 100 countries. And we’re bringing Filipino hospitality to new horizons, building Hotel101s across the Philippines; Niseko, Japan; Los Angeles and Madrid, Spain,” Yulo-Luccini said.

“With more markets in the horizon via asset-light, prop-tech hospitality platform, we aim to disrupt the hospitality industry globally and become one of the world’s leading hotel brands. Thank you for believing in us, for sharing this historic moment and for being part of a story that’s only just beginning,” she said.