HOTEL101 Global Holdings Corp., a subsidiary of DoubleDragon Corp., wants to issue up to $300 million (about P17.7 billion) in perpetual convertible preferred shares in the United States to help fund its global expansion.
In a disclosure dated Jan. 23, Hotel101 Global said its board had approved the proposed transaction, which may be conducted in one or more tranches in 2026, subject to market conditions and regulatory approvals.
The offering is expected to be carried out through private placements to qualified institutional buyers under Rule 144A of the US Securities Act and/or registered offerings, depending on legal and regulatory requirements.
Hotel101 Global said proceeds would go toward funding its asset-light, prop-tech hospitality business model and support the worldwide expansion of Hotel101 projects.
The company is targeting to build a substantial portfolio of rooms across multiple countries in 2026, primarily through joint ventures and licensing agreements with local partners. By 2050, it targets operating one million hotel rooms across 100 countries.
Hotel101 Global is listed on Nasdaq under the ticker HBNB and as of Jan. 16, 2026, had a market capitalization of about $2.3 billion.
The proposed transaction is expected to further strengthen the balance sheet of parent firm DoubleDragon, whose total asset base stood at P217.3 billion as of Sept. 30, 2025.
Hotel101 Global said its board had also authorized management to engage underwriters, placement agents, financial advisers and legal counsel to pursue and execute the share issuance.
The company noted, however, that there was no assurance the transaction would be completed on the terms or within the timeframe described as it remained subject to definitive agreements and regulatory clearances.
DoubleDragon shares fell P0.06, or 0.59 percent, to close at P10.04 each on Friday.
