The NASDAQ Stock Exchange extends its congratulations to Hotel101 Global Pte. Ltd. (“Hotel101 Global”), the Singapore-registered subsidiary of DoubleDragon Corporation (“DoubleDragon”), for its expansion into the U.S.A. with the recent agreement for the Hotel101-Los Angeles California site.
The iconic seven-story NASDAQ Tower proudly displayed the Hotel101 Global logo alongside the message “NASDAQ congratulates Hotel101 Global on its expansion to the U.S.A. as Hotel101 seals agreement for Los Angeles California Site.”
Hannah Yulo-Luccini, CEO of Hotel101 Global, highlighted, “Hotel101 Global is currently engaged with select SPAC targets and intends to sign a business combination agreement very soon. The SPAC route is one of Hotel101 Global’s options to accelerate the expansion of Hotel101 globally as well as the timetable of its previously announced plans to IPO Hotel101 Global on the US NASDAQ Stock Market.”
DoubleDragon Chairman Edgar “Injap” Sia II stated, “We believe DoubleDragon’s Hotel101 embodies a truly pioneering asset-light business model, unprecedented in any part of the world.”
The concept patent application for Hotel101’s groundbreaking condotel concept has already been filed, securing Hotel101 trademarks and country-specific domains in various nations worldwide.
As previously disclosed, Hotel101 Global anticipates deriving over 95% of its revenues outside of the Philippines, consolidated under the parent company, Philippine-listed DoubleDragon Corporation. DoubleDragon sets its sights on Hotel101 Global reaching a valuation of up to US$17 Billion in the near term based on internal financial projections.
Hotel101 aims to be recognized as one of the most technologically advanced hotel chains, integrating cutting-edge advancements across its entire value chain. The forthcoming iteration of the Hotel101 App is poised to integrate a fully automated self-check-in system with IoT (Internet of Things) capabilities.
NASDAQ recently visits Manila, Philippines
Hotel101’s initial international ventures are slated for Niseko, Hokkaido, Japan; Madrid, Spain; and California, USA. These pioneer projects will act as foundational steps propelling Hotel101 beyond these initial locations, evolving it into a global brand boasting a distinctive business concept adaptable to over 100 countries.
The near-term expansion roadmap for Hotel101 Global Pte. Ltd. targets the establishment of presence in the initial 25 countries by 2026. These include the 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.
