HOTEL101 Global Holdings Corp., the Nasdaq-listed subsidiary of DoubleDragon Corp., is moving forward with a planned $300-million Series A perpetual preferred share offering in the US to support its international expansion.
In a disclosure, the corporate said it has taken the subsequent step for the offering, with proceeds expected to “fuel the corporate’s strategic expansion of Hotel101 projects worldwide” and support “advancing its modern, prop-tech hospitality platform.”
The move is an element of its shift toward an asset-light model, which it said is “accelerating its progression to pure asset-light hyper growth worldwide expansion.”
Hotel101 Global added that it continues to tap capital markets in each the Philippines and the US to strengthen its balance sheet, with the goal of accelerating its total equity base to P500 billion.
DoubleDragon expects to open its highest variety of hotel rooms in a single 12 months this 12 months.
“A complete of recent additional 2,229 hotel rooms are slated to be operational this 12 months 2026,” the corporate said, including 680 rooms in Madrid, Spain, which opened in March.
Additional openings include 519 rooms in Davao, 548 rooms in Cebu, and 482 rooms in Niseko, Hokkaido, Japan.
“The very first Hotel101 overseas that opened on March 10, 2026, has exceeded the corporate’s expectation by way of its operating and occupancy performance,” the corporate said.
It added that Hotel101 Madrid is anticipated to succeed in above-industry occupancy levels ahead of the Formula 1 Grand Prix in Madrid in September 2026, where the property has been designated as an official hotel partner under a 10-year agreement with MATCH Hospitality.
These developments support Hotel101 Global’s plan to construct and operate a million standardized Hotel101 rooms across 100 countries.
Hotel101 Global had a market capitalization of about $2.34 billion as of Jan. 16.
The corporate operates an asset-light property technology-driven hospitality platform using a standardized global condotel business model.
Shares in DoubleDragon rose by 0.11% to shut at P9.13 each on Tuesday. — Alexandria Grace C. Magno