Saturday, February 1, 2025 Hotel101 Global Pte. Ltd. Hotel101 (also known as HBNB), a prop-tech hospitality company with an asset-light business model, has partnered with JVSPAC Acquisition Corp.
(NASDAQ: JVSA), a special purpose acquisition company, to submit a confidential draft Registration Statement on Form F-4 to the U.S. Securities and Exchange Commission (SEC).
This submission follows the definitive merger agreement signed on April 8, 2024, and marks a key milestone in their planned business combination. Hotel101 is introducing a globally uniform “condotel” model that aims to streamline operations and enhance efficiency in the hospitality sector. By offering standardized hotel rooms worldwide, the company seeks to provide a seamless and consistent experience for travelers.
Hotel101’s management believes this innovative approach will redefine hospitality by merging the best aspects of short-term rentals and traditional hotels. Following the completion of the transaction, Hotel101 is projected to have an equity valuation exceeding $2.3 billion.
The deal is expected to close in the first half of 2025, pending regulatory and shareholder approvals, as well as other customary conditions. After finalization, Hotel101 will be publicly traded on Nasdaq under the ticker symbol “HBNB.” A Scalable and Tech-Driven Hospitality Model Unlike conventional hospitality businesses, Hotel101 operates through an asset-light model where individual condominium unit owners can list t.