Hotel101 pushes on with $300-M US offering

MANILA, Philippines — DoubleDragon Corp.’s subsidiary Hotel101 Global is moving forward with a $300-million perpetual preferred share offering in the United States to fund its global expansion. The company led by tycoons Edgar “Injap” Sia II and Tony Tan Caktiong said on Tuesday that proceeds—equivalent to about P18 billion—will fund the expansion of Hotel101 projects worldwide. These will also accelerate the firm’s asset-light, prop-tech hospitality platform.   READ: Hotel101 enters Europe with Madrid opening The company is targeting rapid global growth. It has a long-term goal of operating one million hotel rooms across 100 countries.   Hotel101’s first overseas project in Madrid […]... Keep on reading: Hotel101 pushes on with $300-M US offering

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