Hotel101 IPO? 6 Facts About the Hotel Condo Brand’s Planned SPAC

Key Points

• Hotel101 Global plans an IPO through a SPAC merger, targeting a $2.3 billion valuation.
• The company operates on a 'Condo Hotel' model, combining short-term rentals with hotel standardization.
• Hotel101 Global aims to expand to 25 countries by 2026, with new projects in Madrid and Hokkaido.

Summary

Hotel101 Global, a subsidiary of DoubleDragon, is pursuing an IPO through a SPAC merger with JVSPAC Acquisition Corp., aiming for a $2.3 billion valuation by 2025. The company employs a 'Condo Hotel' model, blending short-term rental flexibility with traditional hotel service, and plans to expand its presence to 25 countries by 2026. Despite challenges faced by other travel SPACs, Hotel101 remains optimistic, supported by its profitable backer DoubleDragon and its founders' connections to the Jollibee fast-food chain.