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Hotel101 Global Holdings Corp. sells 780 units for $205M to DD Hotel101 Worldwide One Pte. Ltd
HBNBHotel101 Global Holdings Corp.
Hotel101 Global Holdings Corp. announced a bulk sale of 780 units to DD Hotel101 Worldwide One Pte. Ltd., an investment consortium in which controlling shareholder DoubleDragon Corporation holds a minority stake. The total contract price is approximately US$205 million upon completion, with revenue recognized on a percentage-of-completion basis. Additionally, the consortium purchased 300 units from a Company affiliate for $33 million and placed deposits for 300 more units in development projects. This transaction supports Hotel101’s global strategy as it enters its third growth phase through licensing. The company operates in the hospitality technology and real estate development industry.