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NasdaqCM:HBNB
NasdaqCM:HBNBReal Estate

Hotel101 Weighs Melbourne Flagship And US$300m Raise Against Cash Needs

Hotel101 Global Holdings, NasdaqCM:HBNB, has entered binding agreements to develop a 766 room hotel in Melbourne's central business district. The company plans to raise up to US$300 million through a perpetual convertible preferred share offering approved by its board. The Melbourne project and capital raise are intended to support Hotel101's move toward operating in 100 countries with its standardized condotel model. Hotel101 Global Holdings focuses on a standardized condotel concept,...