DoubleDragon Corporation, a major Philippine property company, has announced through its subsidiary Hotel101 Global Holdings Corp. that it’s taking the next step to raise approximately $300 million (about ₱18 billion pesos) through a special type of stock offering in the United States. This announcement was disclosed on the U.S. Nasdaq Stock Exchange, where Hotel101 Global is listed under the ticker symbol HBNB.
What Is Hotel101 Trying to Do?
Think of this like Hotel101 is asking people in America to invest money in their company by buying special shares. The money they collect will be used mainly to build more Hotel101 projects around the world and improve their technology platform that helps run these hotels. This fundraising is called a “Series A Perpetual Preferred Share Offering” – which is basically a way for companies to get money from investors to grow their business.
According to the disclosure, Hotel101 Global has a market value (market capitalization) of approximately $2.34 billion as of January 16, 2026.
Big Expansion Plans for 2026
DoubleDragon is set to reach a major milestone this year with its biggest number of hotel room openings ever in one year. The company plans to open a total of 2,229 new hotel rooms in 2026, spread across different locations:
- 680 rooms in Madrid, Spain – Already opened in March 2026
- 519 rooms in Davao, Philippines
- 548 rooms in Cebu, Philippines
- 482 rooms in Niseko, Hokkaido, Japan
Madrid Hotel Doing Better Than Expected
Hotel101’s first overseas location, which opened on March 10, 2026 in Madrid, Spain, is performing better than the company expected in terms of how many guests are staying there and how well it’s operating. The hotel has also been designated as an official hotel partner for the Formula 1 Spanish Grand Prix, which will be held in Madrid starting September 2026. Hotel101-Madrid signed a 10-year agreement with Match Hospitality for this partnership.
The company expects the Madrid hotel to reach full capacity around the time of Madrid’s first-ever Formula 1 Grand Prix race in September 2026.
What Makes Hotel101 Different?
Hotel101 uses what they call a “condotel” business model, which is quite unique. Here’s how it works in simple terms:
Imagine building a hotel where each room can be sold to individual owners (like buying a condo), but the hotel company still manages and operates it. Hotel101 makes money twice from this model:
- First – When they sell individual hotel units to buyers while the hotel is still being built
- Second – From the daily operations of running the hotel (room bookings, services, etc.) over the long term
The company describes itself as “asset-light” and “prop-tech” (property technology), meaning they use technology to manage hotels and plan to expand mainly through partnerships with local developers in different countries rather than owning everything themselves.
The Big Dream: 1 Million Rooms in 100 Countries
Hotel101 Global has set an ambitious long-term goal to operate 1 million Hotel101 rooms across 100 countries worldwide. In the medium term (next three years), they aim to be in 25 countries. The company expects to achieve this expansion mainly through joint ventures and license agreements with local developers around the world.
About DoubleDragon Corporation
DoubleDragon Corporation is the parent company of Hotel101 Global. In just about 10 years, DoubleDragon has built over 1.5 million square meters of different types of properties including:
- Community malls in provinces across Luzon, Visayas, and Mindanao
- Office buildings in Metro Manila
- Hotels in the Philippines and overseas
- Warehouse complexes around the country
DoubleDragon operates malls even in far-flung areas like Cotabato City, Koronadal City, Dipolog City, Isulan Sultan Kudarat, and even in Basilan Sulu in the Bangsamoro Autonomous Region – helping stimulate economic growth in these countryside areas.
The company has a debt-to-equity ratio of 0.84x, which is considered very healthy and one of the lowest among Philippine listed companies. DoubleDragon also holds a PRS AAA (Triple A) credit rating from Philippine Rating Services Corporation, which is the highest rating possible.
DoubleDragon also has a joint venture company with Jollibee Foods Corporation called CentralHub, which is building industrial warehouses. They plan to establish a ₱24.8 billion warehouse leasing portfolio and launch the first Industrial REIT (Real Estate Investment Trust) in the Philippines.
Historic Achievement
On July 1, 2025, Hotel101 made history as the first Filipino-owned company to list on the U.S. Nasdaq Stock Exchange. DoubleDragon is currently the first and only Filipino company that has a subsidiary listed on the U.S. Nasdaq.
DoubleDragon’s principal shareholders include Injap Investments Inc., led by Mang Inasal founder Edgar “Injap” Sia II, and Honeystar Holdings Corp., led by Jollibee founder Tony Tan Caktiong.
The company is continuing to tap capital markets in both the Philippines and the United States to strengthen its balance sheet, working towards its goal to increase its total equity base to ₱500 billion pesos.
This information was disclosed by Atty. Joselito L. Barrera, Jr., Chief Information Officer of DoubleDragon Corporation.
Source Note:This article is based on the company’s official press release and disclosures filed with the Philippine Stock Exchange’s Electronic Disclosure Generation Technology (PSE EDGE) system. For the complete and official version of the announcement, readers may visit the PSE EDGE website and search for the company’s filing directly.
