The US Securities and Exchange Commission has declared effective Hotel101 Global Holdings Corp’s registration statement on Form F-4, a key step toward its planned merger with JVSPAC Acquisition Corp (NASDAQ: JVSA), the companies said.
JVSPAC shareholders are scheduled to vote on the proposed business combination at an extraordinary general meeting on June 24, 2025.
The transaction, which values Hotel101 at an equity value of $2.3 billion, is expected to close shortly after, subject to regulatory and shareholder approvals.
Upon completion, the combined entity will trade on Nasdaq under the ticker “HBNB”, making Hotel101 the first Filipino-owned company to be listed on the U.S. exchange. Hotel101 is a subsidiary of Philippine-listed DoubleDragon Corp (PSE: DD).
Hotel101 operates an asset-light, prop-tech hospitality platform with a standardized “condotel” model.
The company’s unique dual-revenue approach allows it to pre-sell individual hotel units to investors and earn recurring income through long-term hotel operations.
The model is designed for scalability, targeting expansion in key markets including the U.S., Japan, and Spain.
The brand has ambitions to expand into 100 countries, supported by five international marketing offices. It currently operates properties in the Philippines and is developing more overseas.
Hotel101’s listing will provide access to U.S. capital markets, fueling its global growth. DoubleDragon, led by Filipino entrepreneurs Edgar “Injap” Sia II and Tony Tan Caktiong, holds a majority stake in Hotel101.
JVSPAC Chairman Albert Wong said the merger presents a compelling opportunity for long-term growth in the mid-market hospitality segment.
Business News Asia