Hotel101 is an asset-light, prop-tech business that is designed for rapid global growth.
Hotel101 is an asset-light, prop-tech platform that is trying to disrupt the hotel industry by offering identical, standardized hotel rooms around the world.
Hotel101 is expected to have an equity value of over US$2 billion after the transaction is completed, subject to regulatory and shareholder approvals, and other customary closing conditions.
Hotel101, the hotel subsidiary of DoubleDragon Corporation, is expected to trade on the Nasdaq under the ticker symbol "HBNB."
The Hotel101 platform is different from other short-term rental platforms because it is owned by third-party individual condominium unit owners who can list their units on the platform.
Hotel101 management believes that it can offer its guests amenities that go well beyond what it believes to be the typical offering in the value segment by building properties at scale.
Hotel101 has begun construction in Madrid, Spain for a 680-room property that will be near the IFEMA Convention Complex, the Real Madrid Complex and the upcoming F1 Grand Prix Track.
Hotel101's long term vision is to have one million rooms, operating in over 100 countries worldwide, with an initial 25 priority countries for the medium term.
There are important information about the proposed transaction.
The proposed Transaction will be submitted to the shareholders of JVSPAC for their consideration and approval.
People are in the solicitation.

Source prnewswire