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Hotel101 rides on Trump victory, eyes all 50 US states
The Philippine Star
|November 08, 2024
DoubleDragon Corp., the listed developer chaired by tycoon Edgar "Injap" Sia II, is targeting to conquer the entire United States with its home-grown Filipino hotel chain.
Sia told The STAR that Hotel101 is envisioned to be in all 50 states in the US over the long term.
Hotel101 Global Pte. Ltd., the Singapore-headquartered subsidiary of DoubleDragon, is currently building the first Hotel101 in the US located in Los Angeles, California.
"Hotel101 Los Angeles California is expected to be completed in time for the next Olympics in 2028 to be held in Los Angeles," Sia said.
On top of its expansion, Hotel101 Global is currently in the process of its US listing, which is expected to take place this fourth quarter.
Hotel101 Global will become the first Filipino company to list in the US via a special purpose acquisition company (SPAC).
This story is from the November 08, 2024 edition of The Philippine Star.
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