Singapore's Hotel101 Global merges with JVSPAC Acquisition to list on NASDAQ, valued at over US$2.3B.

Singapore-based Hotel101 Global Pte. Ltd., a subsidiary of Philippine-listed DoubleDragon Corporation, has entered into a definitive merger agreement with JVSPAC Acquisition Corporation to publicly list on the NASDAQ. Hotel101, a hotel prop-tech operator with a globally standardized, asset-light "condotel" business model, is expected to have an equity value of over US$2.3 billion upon completion of the deal, which will close in the second half of 2024. The combined entity will be listed on NASDAQ under the ticker symbol "HBNB."