Hotel101 is a prop-tech operator pioneering a globally standardized, asset-light “condotel” business model. Upon completing the proposed business combination transaction, the combined entity is expected to be publicly listed on the NASDAQ under the HBNB symbol.
Hotel101 is expected to have an equity value of over US$2.3 billion following the completion of the transaction, which is expected to close during the second half of 2024, subject to regulatory and shareholder approvals and other customary closing conditions.
SOURCE: Hotel101 Goes Public: Nasdaq Bound! BY: eTurboNews | eTN