Hotel101 Global Holdings Corp., a subsidiary of DoubleDragon Corp., is moving forward with a $300 million perpetual preferred share offering in the United States to fuel its worldwide growth strategy.
Founded by prominent business figures Tony Tan Caktiong and Edgar "Injap" Sia II, the company announced on Tuesday that it aims to secure fresh capital to accelerate its international expansion. The funds, equivalent to approximately P18 billion, will primarily support the development of Hotel101 projects across the globe.
Proceeds from the offering are earmarked to advance the company's transition into an "asset-light" property technology hospitality platform. This model emphasizes joint ventures and licensing agreements to drive rapid growth while reducing capital investment in physical assets.
This model is designed to drive 'hyper growth' through joint ventures and licensing deals, while minimizing capital tied to physical assets.
The strategic shift aims to position Hotel101 for scalable, efficient expansion in the competitive global hospitality market.