Hotel101 Global and JVSPAC Acquisition Corp. Announce Confidential Submission of F-4 Registration Statement Ahead of Planned Nasdaq Listing
Hotel101 Global and JVSPAC Acquisition Corp (NASDAQ: JVSA) have announced the confidential submission of an F-4 Registration Statement to the SEC, advancing their previously announced business combination. Hotel101, an asset-light, prop-tech hospitality platform, is expected to have a $2.3 billion equity value post-transaction, with closing anticipated in H1 2025.
The company will trade on Nasdaq under ticker HBNB. Hotel101's platform offers standardized hotel rooms globally, featuring properties roughly five times larger than typical 3-star hotel chains. The company has projects under construction in Madrid (680 rooms) and Niseko, Japan (482 rooms), with a secured site in Los Angeles. Their long-term vision targets one million rooms across 100+ countries.
Hotel101's unique model combines short-term rental platform features with standardized hospitality assets, offering amenities like kitchenettes, pools, gyms, and 24/7 front desks. Their proprietary app has reached one million registered users.
Hotel101 Global e JVSPAC Acquisition Corp (NASDAQ: JVSA) hanno annunciato la presentazione riservata di una Dichiarazione di Registrazione F-4 alla SEC, avanzando la loro precedente combinazione aziendale. Hotel101, una piattaforma di ospitalit脿 prop-tech a basso utilizzo di beni, prevede un valore patrimoniale di 2,3 miliardi di dollari post-transazione, con chiusura prevista nel primo semestre del 2025.
La societ脿 sar脿 quotata su Nasdaq con il ticker HBNB. La piattaforma di Hotel101 offre camere d'hotel standardizzate a livello globale, con strutture che sono circa cinque volte pi霉 grandi delle catene di hotel a 3 stelle tipiche. La societ脿 ha progetti in costruzione a Madrid (680 camere) e Niseko, Giappone (482 camere), con un sito garantito a Los Angeles. La loro visione a lungo termine punta a un milione di camere in oltre 100 paesi.
Il modello unico di Hotel101 combina caratteristiche di piattaforme di affitto a breve termine con beni di ospitalit脿 standardizzati, offrendo servizi come angoli cottura, piscine, palestre e reception aperte 24 ore su 24. La loro app proprietaria ha raggiunto un milione di utenti registrati.
Hotel101 Global y JVSPAC Acquisition Corp (NASDAQ: JVSA) han anunciado la presentaci贸n confidencial de una Declaraci贸n de Registro F-4 ante la SEC, avanzando su combinaci贸n empresarial previamente anunciada. Hotel101, una plataforma de hospitalidad prop-tech con un bajo uso de activos, se espera que tenga un valor patrimonial de $2.3 mil millones tras la transacci贸n, con el cierre previsto para la primera mitad de 2025.
La empresa cotizar谩 en Nasdaq bajo el ticker HBNB. La plataforma de Hotel101 ofrece habitaciones de hotel estandarizadas a nivel mundial, con propiedades aproximadamente cinco veces m谩s grandes que las cadenas de hoteles de 3 estrellas t铆picas. La compa帽铆a tiene proyectos en construcci贸n en Madrid (680 habitaciones) y Niseko, Jap贸n (482 habitaciones), con un sitio asegurado en Los 脕ngeles. Su visi贸n a largo plazo tiene como objetivo un mill贸n de habitaciones en m谩s de 100 pa铆ses.
El modelo 煤nico de Hotel101 combina caracter铆sticas de plataformas de alquiler a corto plazo con activos de hospitalidad estandarizados, ofreciendo comodidades como cocinetas, piscinas, gimnasios y recepci贸n 24/7. Su aplicaci贸n propietaria ha alcanzado un mill贸n de usuarios registrados.
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Hotel101 Global et JVSPAC Acquisition Corp (NASDAQ: JVSA) ont annonc茅 la soumission confidentielle d'une d茅claration d'enregistrement F-4 脿 la SEC, avan莽ant leur combinaison d'entreprise pr茅c茅demment annonc茅e. Hotel101, une plateforme d'hospitalit茅 prop-tech l茅g猫re en actifs, devrait avoir une valeur de capitaux propres de 2,3 milliards de dollars apr猫s la transaction, avec un closing pr茅vu au premier semestre 2025.
La soci茅t茅 sera cot茅e au Nasdaq sous le symbole HBNB. La plateforme de Hotel101 offre des chambres d'h么tel standardis茅es 脿 l'茅chelle mondiale, pr茅sentant des propri茅t茅s environ cinq fois plus grandes que les cha卯nes d'h么tels 3 茅toiles typiques. La soci茅t茅 a des projets en construction 脿 Madrid (680 chambres) et 脿 Niseko, Japon (482 chambres), avec un site s茅curis茅 脿 Los Angeles. Leur vision 脿 long terme vise un million de chambres dans plus de 100 pays.
Le mod猫le unique de Hotel101 combine les caract茅ristiques des plateformes de location de courte dur茅e avec des actifs d'hospitalit茅 standardis茅s, offrant des commodit茅s telles que cuisines, piscines, salles de sport et des r茅ceptions ouvertes 24h/24. Leur application propri茅taire a atteint un million d'utilisateurs enregistr茅s.
Hotel101 Global und JVSPAC Acquisition Corp (NASDAQ: JVSA) haben die vertrauliche Einreichung einer F-4 Registrierungsstatement bei der SEC angek眉ndigt, um ihre zuvor angek眉ndigte Gesch盲ftskombination voranzutreiben. Hotel101, eine asset-light Prop-Tech-Gastgewerbeplattform, wird nach der Transaktion mit einem Eigenkapitalwert von 2,3 Milliarden US-Dollar erwartet, wobei der Abschluss in der ersten H盲lfte 2025 geplant ist.
Das Unternehmen wird unter dem Ticker HBNB an der Nasdaq gehandelt. Die Plattform von Hotel101 bietet standardisierte Hotelzimmer weltweit an, wobei die Immobilien etwa f眉nfmal gr枚脽er sind als die typischen 3-Sterne-Hotelketten. Das Unternehmen hat Projekte in Madrid (680 Zimmer) und Niseko, Japan (482 Zimmer) in der Bauphase, mit einem gesicherten Standort in Los Angeles. Ihre langfristige Vision zielt darauf ab, eine Million Zimmer in 眉ber 100 L盲ndern zu erreichen.
Das einzigartige Modell von Hotel101 kombiniert Merkmale von kurzfristigen Mietplattformen mit standardisierten Hospitality-Assets und bietet Annehmlichkeiten wie K眉chenzeilen, Schwimmb盲der, Fitnessstudios und 24/7-Rezeptionen. Ihre propriet盲re App hat eine Million registrierte Nutzer erreicht.
- Expected $2.3 billion equity value post-merger
- Planned Nasdaq listing under HBNB ticker
- One million registered users on proprietary app
- Expansion projects in Madrid (680 rooms) and Niseko (482 rooms)
- Asset-light business model reducing capital requirements
- Transaction subject to regulatory and shareholder approvals
- Potential execution risks in global expansion strategy
Insights
The confidential F-4 filing marks a important milestone in Hotel101's path to becoming a publicly traded entity through its merger with JVSPAC. The $2.3 billion valuation appears ambitious for an emerging hospitality platform, particularly in the current market environment where SPAC deals face heightened scrutiny.
The company's asset-light 'condotel' model presents an intriguing hybrid between traditional hotels and platforms like Airbnb. By standardizing units globally while maintaining third-party ownership, Hotel101 potentially reduces capital requirements while ensuring consistent guest experiences. However, this model faces several challenges:
- Regulatory complexities across different jurisdictions regarding condotel operations
- Dependency on individual unit owners for inventory maintenance and quality control
- Potential conflicts between property owners and platform objectives
- Competition from established hospitality brands and short-term rental platforms
The expansion strategy targeting premium locations (Madrid IFEMA area, Niseko ski resort, Los Angeles) suggests a focus on high-value markets, though execution risks remain substantial. The proprietary app with 1 million users demonstrates technology adoption, but scaling globally requires significant investment in marketing and operations.
For JVSPAC shareholders, the deal's success hinges on Hotel101's ability to execute its ambitious growth plans while maintaining operational efficiency. The standardization strategy could create economies of scale, but the capital-light model may limit control over property development and management.
Hotel101 is an asset-light, prop-tech hospitality platform pioneering a globally standardized "condotel" business model. Hotel101's management believes that Hotel101 is poised to disrupt the hospitality industry by offering identical, standardized hotel rooms around the world, creating what it believes to be unbeatable efficiency, simplicity, and value.
Hotel101 is expected to have an equity value of over
Upon closing, Hotel101, the hotel subsidiary of Philippine-listed DoubleDragon Corporation (PSE: DD), is expected to trade on the Nasdaq under the ticker symbol "HBNB."
Hotel101 management believes that the Hotel101 platform is unlike anything available in any part of the world today: while it is similar to other short-term rental platforms because its inventory is generally owned by third-party individual condominium unit owners who can opt to list their unit on the Hotel101 platform, it is able to deliver consistency, security, and predictability for its guests, as well as arguably higher acceptance in the communities where it operates as all Hotel101 properties are purposely built as hospitality assets. The global opportunity that Hotel101 management sees in the hospitality space is that of standardization, which it believes brings efficiency, especially for the value segment. In addition, Hotel101's proprietary app (which recently hit a milestone of 1 million registered users) adopts dynamic pricing for its room rates and plans to offer self-check in, simplified by the availability of just one type of room.
By building properties at scale 鈥� what Hotel101 management believes to be roughly five times the size of other branded 3-star hotel chains 鈥� Hotel101 management believes that it can offer its guests amenities that go well beyond what it believes to be the typical offering in the value segment. These amenities usually include in-room kitchenettes, pools, gyms, business centers, all-day dining, function rooms, 24/7 front desks, and children's playgrounds 鈥� features that other mid-tier players do not typically provide.聽
Outside of
Hotel101's long term vision is to have one million rooms, operating in over 100 countries worldwide, with an initial 25 identified priority countries for the medium term.
Important Information About the Proposed Transaction and Where to Find It
The proposed Transaction will be submitted to shareholders of JVSPAC for their consideration and approval. JVSPAC and PubCo intend to jointly file a registration statement (the "Registration Statement") with the SEC which will include preliminary and definitive proxy statements to be distributed to JVSPAC's shareholders in connection with JVSPAC's solicitation for proxies for the vote by JVSPAC's shareholders in connection with the proposed Transaction and other matters as described in the Registration Statement, as well as a prospectus relating to the offer of the securities to be issued to Hotel101's shareholders in connection with the completion of the proposed Transaction. After the Registration Statement is filed and declared effective, JVSPAC will mail a definitive proxy statement and other relevant documents to its shareholders as of the record date established for voting on the proposed Transaction. JVSPAC's shareholders and other interested persons are advised to read, once available, the preliminary proxy statement/prospectus and any amendments thereto and, once available, the definitive proxy statement/prospectus, in connection with JVSPAC's solicitation of proxies for its special meeting of shareholders to be held to approve, among other things, the proposed Transaction, because these documents will contain important information about JVSPAC, Hotel101 and the proposed Transaction. Shareholders may also obtain a copy of the preliminary or definitive proxy statement, once available, as well as other documents filed with the SEC regarding the proposed Transaction and other documents filed with the SEC by JVSPAC, without charge, at the SEC's website located at or by directing a request to JVSPAC.
Participants in the Solicitation
JVSPAC, DoubleDragon Corporation, Hotel101, and their respective directors, executive officers and other members of management and employees may, under SEC rules, be deemed to be participants in the solicitations of proxies from JVSPAC's shareholders in connection with the proposed Transaction. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of JVSPAC's shareholders in connection with the proposed Transaction will be set forth in the proxy statement/prospectus to be filed with the SEC in connection with the Transaction. You can find more information about JVSPAC's directors and executive officers in JVSPAC's final prospectus related to its initial public offering dated January 18, 2024. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests will be included in the proxy statement/prospectus when it becomes available. Shareholders, potential investors and other interested persons should read the proxy statement/prospectus carefully when it becomes available before making any voting or investment decisions. You may obtain free copies of these documents from the sources indicated above.
No Offer or Solicitation
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Contacts
Brunswick Group - [email protected]
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FAQ
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