DoubleDragon's Hotel101 Officially Reserved "HBNB" Stock Symbol at Nasdaq Stock Exchange

The SPAC IPO will allow DoubleDragon's hotel subsidiary to not only enhance its equity capital base but also make Hotel101 more relevant internationally while also strengthening DoubleDragon's consolidated balance sheet.

DoubleDragon's subsidiary, Hotel101 Global Pte Ltd. has officially reserved the Nasdaq ticker symbol "HBNB".

This step is consistent with Hotel101 Global's previously announced SPAC listing preparations, and based on the most recent progress, Hotel101 Global expects to sign the Definitive SPAC Business Combination Merger Agreement with its chosen SPAC sponsor by next month in March 2024, followed by the official filing of its prospectus subject to US regulatory approval.

DoubleDragon expects Hotel101 Global to become the first Filipino company to list via SPAC on the US Nasdaq Stock Exchange, as well as one of the Philippines' major brands, concepts, and business model exports, given that its Asset-Light business model could become one of the major sources of US dollar inflows to the Philippines beginning in 2025.
Hotel101 is positioned to become the most technologically advanced hotel company due to its mid-market average rooms, which can optimize the use of technology because they are all the same.
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As far as the company is aware, the Hotel101 concept and business model of having standardized 21-square-meter hotel rooms with one type of room globally in multiple countries, backed by titled strata or condominium titles that can be enrolled in the Hotel101 App, do not yet exist anywhere in the world.

Unbeatable efficiency comes from having around 5x the usual size of other branded 3-star hotel chain, as Hotel101 on average has 500 rooms per site, and efficiency brought about by having literally only 1 type of room. The latest Hotel101 typical room now comes with prefabricated toilets, and standardized flat pack furniture and a single type of bulb within the whole building. A customer literally knows what to expect wherever they may be. Hotel101 is efficient to build, efficient to maintain, efficient to operate. A formula that is expected to naturally result in room rates up to 30% cheaper versus any other hotel chain in its category in any specific country.

Hotel101 uses dynamic pricing on its hotel rates, similar to airline tickets, in which the price changes up and down based on real-time supply and demand on the chosen booking date.

The Asset Light Hotel101 model enables DoubleDragon to create revenue and income in two ways: first, through unit pre-sales, and second, through long-term recurring revenue from hotel operations.

The new version of the Hotel101 App, which will be available soon, will include self-check-in capabilities, and because the App only has one type of inventory, it will be incredibly simple to use because there are no other room types to pick from. The resulting efficiency is projected to provide Hotel 101 clients with unparalleled value and efficiency.

Hotel101 Global Pte. Ltd.'s global expansion headquarters and sales base. Ltd. is presently active. The offices are on the 4th floor, while the showroom is on the ground floor of the PLUS Building, 20 Cecil Street, in the heart of Raffles Place in Singapore's Central Business District.

​Hotel101's first three overseas projects will be in Niseko, Hokkaido, Japan, Madrid, Spain, and Los Angeles, California, USA. These sites will serve as bridge projects, allowing Hotel101 to expand beyond these three countries and become a global brand with a truly unique business concept that can be implemented in over 100 countries. The majority of global expansion is expected to be achieved through joint ventures with foreign developers, licensing, or franchising, and each unit sold will generate revenue for Hotel 101. Once the building is completed, the enrolled units will all generate recurring revenue for Hotel101 Global Management.

Target near term expansion roadmap for Hotel101 Global Pte. Ltd. is to be in these first 25 countries by 2026 namely: Philippines, Japan, Spain, USA, United Kingdom, UAE, India, Thailand, Malaysia, Vietnam, Indonesia, Saudi Arabia, Singapore, Cambodia, Bangladesh, Mexico, South Korea, Australia, Canada, Switzerland, Turkey, Italy, Germany, France and China.

The Hotel101 concept is positioned as a better alternative for people who purchase titled apartment condo real estate units with the intention of leasing them out or enrolling them in Short Term Rental App platforms for passive income in order to preserve the long-term asset value of the titled apartment unit, which they may eventually pass down as inheritance to their children or grandchildren.

“The opportunity that we see globally in the hospitality space is that of standardization because we believe it brings unbeatable efficiency, especially for the mid-end segment. Take for example the budget airline industry – essentially all budget airlines sell one product across the whole industry and that product is the economy seat, " said DoubleDragon Chairman Edgar Injap Sia II

“Eventually we see Hotel101 rooms to be just like that one iconic hamburger in a global fast-food chain, it is the same no matter where you go – yes, the price changes as costs vary from country to country, but the burger doesn’t change,” said Hotel101 CEO Hannah Yulo-Luccini

Hotel101 Global Pte. Ltd. is expected to derive over 95% of its revenues outside of the Philippines to be consolidated back to the ultimate parent, Philippine-listed DoubleDragon Corporation.

Hotel101 Global's Vision is to accumulate a portfolio of 1 (one) Million Hotel101 Rooms in 101 countries before 2050.

​The DoubleDragon team is committed to put in the necessary hard work, entrepreneurial grit and perseverance towards this vision.