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Hotel101 expects $471-M earnings from foreign projects
The Philippine Star
|October 18, 2024
Tycoon Edgar "Injap" Sia II's Hotel101 Global Pte. Ltd. is staring at possible earnings of at least $471 million from the completion of its expansion in Japan, Spain and the US.
Hotel101 Global is inching closer to realizing the full potential of its projects abroad, announcing yesterday that it has turned over the second batch of Spanish Golden Visas to buyers of its units in Hotel101 Madrid.
The company, which is eyeing to go public in the US, said the handover of the visas materialized additional sales for the first Hotel101 to operate outside of the Philippines.
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