SINGAPORE, June 6 (Reuters) - Hotel101 Global, a unit of

Philippine-listed real estate company DoubleDragon, is

looking to expand into Latin America and Oceania in addition to

growing its presence in existing regions including Asia, its CEO

Hannah Yulo-Luccini told Reuters on Friday.

Last month, Hotel101 entered into a partnership with Saudi

Arabia-based Horizon Group to build 10,000 rooms or 20 hotels

across the Kingdom, marking its fourth destination outside of

the Philippines and after Japan, Spain and the U.S.

CONTEXT

Hotel101 is due to list on Nasdaq following a merger with a

Nasdaq-listed special purpose acquisition company JVSPAC

Acquisition Corp ( JVSA ) that puts Hotel101 equity value at

$2.3 billion. Both companies on Monday had obtained regulatory

nod to proceed. JVSPAC is a publicly listed shell that raises

funds to merge with a private entity.

WHY IS IT IMPORTANT

Upon listing, the combined company will operate as Hotel101 and

will become the first Philippine-owned company to be listed and

traded on Nasdaq, which the CEO says will help it with its

international expansion.

DETAILS

Singapore-headquartered Hotel101 builds and operates hotels with

standardized, 21 square metre rooms that it sells individually

to investors. Its asset-light business model generates revenue

first from room sales and then from the recurring income from

day-to-day hotel operations.

KEY QUOTES:

"This whole process of becoming a Nasdaq-listed company has

really allowed us to really have that global credibility as we

expand the brand to 25 countries in the near term," Yulo-Luccini

said. "Other than the Saudi JV, we're actually working on five

more hotel JVs."