Hotel101 Set to Go Public via Merger with JVSPAC Acquisition Corp.
Deal News | Feb 03, 2025 | PR Newswire Cision Hotel101
Hotel101 Global Pte. Ltd, a rapidly growing hotel platform utilizing a light-asset model and equipped with real estate technology, is set to revolutionize the global hotel industry. Alongside JVSPAC Acquisition Corp. (NASDAQ: JVSA), a special purpose acquisition company, it has filed a confidential draft of a Form F-4 Registration Statement with the SEC. This filing follows a definitive merger agreement signed in April 2024, with an anticipated equity value of over $2.3 billion post-transaction completion in the first half of 2025, subject to necessary approvals. Hotel101, a subsidiary of DoubleDragon Corporation, aims to list on Nasdaq under the symbol 'HBNB'. This unique 'condotel' business model offers standardized hotel rooms worldwide, providing unmatched efficiency. Beyond the Philippines, Hotel101 is expanding in locations like Madrid, Spain, and Hokkaido, Japan, with plans in Los Angeles. The long-term goal is to operate one million rooms across 100 countries, starting with 25 prioritized markets.
Sectors
- Hospitality
- Real Estate Technology
- Special Purpose Acquisition Company (SPAC)
Geography
- Singapore – Hotel101 Global Pte. Ltd is based in Singapore, contributing to the geographical relevance.
- United States – JVSPAC Acquisition Corp. is a US-listed company, and Hotel101 aims to list on Nasdaq, emphasizing US connections.
- Philippines – Hotel101 is a subsidiary of DoubleDragon Corporation, a publicly traded company in the Philippines.
Industry
- Hospitality – Hotel101 operates in the hospitality industry, aiming to transform it through standardized 'condotel' models across the globe.
- Real Estate Technology – Utilizes innovative real estate technology to streamline and scale operations within the hospitality industry.
- Special Purpose Acquisition Company (SPAC) – Involves JVSPAC Acquisition Corp., a SPAC, which facilitates the public listing of Hotel101.
Financials
- 2,300,000,000 USD – The anticipated equity value of Hotel101 following the merger.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Hotel101 Global Pte. Ltd | Target | Company | A Singapore-based hotel platform pursuing global expansion through a pioneering 'condotel' model. |
| JVSPAC Acquisition Corp. | Bidding Company | Company | A special purpose acquisition company facilitating Hotel101's public listing on Nasdaq. |
| DoubleDragon Corporation | Parent Company | Company | Parent company of Hotel101, listed in the Philippines. |
| Brunswick Group | PR Advisor | Company | Provides public relations services for Hotel101. |