Hotel101 to put up biggest hotel in MelbourneMANILA, Philippines — DoubleDragon Corp., the property developer chaired by tycoons Edgar “Injap” Sia II and Tony Tan Caktiong, is bringing Hotel101 to Australia, putting up what will be the largest hotel by room count in Melbourne. DoubleDragon’s Nasdaq-listed subsidiary Hotel101 Global Holdings Corp. has signed definitive binding agreements for the development of a 766-room Hotel101 in Melbourne’s central business district. Hotel101’s global expansion strategy includes its first three overseas projects under development in Niseko (Japan), Madrid (Spain) and Los Angeles (US). Hotel101 Global topped off last month the 482-room Hotel101-Niseko, with its opening slated in December 2026. As of Jan. 16, DoubleDragon said Hotel101 Global has reached its highest equity valuation since it traded in the Nasdaq under ticker HBNB, valued at $2.34 billion.

Source: Philippine Star January 20, 2026 17:31 UTC