Hotel101 Global agrees to sell 780 units to DD Hotel101 Worldwide One for US$205 million TCP
HBNB•Hotel101 Global Holdings agreed to sell 780 hotel units to DD Hotel101 Worldwide One for about US$205 million. Revenue will be recognized as the units are built and delivered.
1. Main unit sale
Hotel101 Global Holdings disclosed agreements to sell 780 hotel units to DD Hotel101 Worldwide One for about US$205 million. Revenue will be recognized on a percentage-of-completion basis as the units are built and delivered.
2. Additional unit agreements
The buyer also agreed to acquire 300 units from a company affiliate for an expected total contract price of US$33 million. A deposit was placed for another 300 units across projects under development in Melbourne and Milan. DoubleDragon, Hotel101 Global's controlling shareholder, holds a minority stake in the buyer consortium, and the deal cleared audit committee review.
