DoubleDragon, a Philippine-listed property company owned by tycoons Edgar "Injap" Sia II and Tony Tan Caktiong, envisions Hotel101 Global to become the very first Filipino company to list via SPAC in the US Nasdaq Stock Exchange.

In a filing on Thursday, the DoubleDragon subsidiary officially reserved the Nasdaq stock exchange ticker symbol "HBNB." The said listing will be followed by the official filing of its prospectus subject to regulatory approvals in the United States.

Given its Asset-Light business model, Hotel101 could be one of the major sources of US Dollar inflow to the Philippines from 2025 onwards.

"If one studies closely the novel and unique Hotel101 concept simultaneously from a deeper detailed view, its Asset-Light and highly portable business model is exportable to over 100 countries globally, of which the network effect of the brand is expected to be further elevated which should positively benefit all the stakeholders within its ecosystem. Moreover, as far as we know, the Hotel101 unique concept has never been done in any part of the world before, moreso in multiple countries worldwide," DoubleDragon said in a statement.

The Hotel101 concept is a Uniform and Consistent BNB or a Branded Uniform Bite-Size Hotel Investment, the first of its kind in the world. The latest Hotel101 typical room now comes with prefabricated toilets, standardized flat pack furniture and a single type of bulb within the whole building. Room rates are up to 30 percent cheaper versus any other hotel chain in its category in any specific country.

"We  believe  that  companies  especially  those  relatively  new  players  in  a  highly  Competitive industry  dominated  by  a  few  long  established  giants  and  still  demonstrate  that the  team  can navigate well even during a prolonged major global economic  crisis, such as what we have all experienced  in  the  past  three years, will  catapult  it  to  be in  a unique  position  to capture  the extraordinary opportunities that will present itself in abundance after all the chaos and once the fire has cleared and the smoke has settled," Sia said.