Core Viewpoint - Hotel101 Global Holdings Corp. plans to raise up to USD 300 million through the issuance of perpetual convertible preferred shares to support its prop-tech, asset-light business model and facilitate global expansion [1][3]. Proposed Transaction - The proposed capital raise is subject to market conditions and regulatory approvals, and may occur in one or more private placements or registered offerings [2][3]. - The net proceeds from the capital raise will be directed towards the strategic expansion of Hotel101 projects worldwide, enhancing its technology-enabled hospitality platform [3]. Growth Strategy - For 2026, the company aims to secure commitments for a substantial portfolio of hotel rooms across multiple countries, primarily through joint ventures and licensing agreements with local partners [4]. - The long-term vision includes establishing and operating one million Hotel101 rooms across 100 countries, leveraging regional expertise for scalable growth [4][7]. Business Model - Hotel101 operates an asset-light, prop-tech hospitality platform with a standardized "HappyRoom" model and condotel structure, aiming to deliver consistent and affordable hospitality globally [5][7]. - The company generates revenue through the advance sale of hotel units during construction and from long-term recurring revenue from hotel operations [7]. Operational Milestones - The first global Hotel101 project, Hotel101-Madrid, is expected to start accepting guests by March 2026, marking a significant step in the company's global expansion plans [8].