Hotel101 Global Holdings Corp. (NASDAQ Ticker: HBNB) (“Hotel101” or “Hotel101 Global”), a leading asset-light, prop-tech hospitality platform pioneering a global standardized “condotel” business model listed on the Nasdaq Stock Exchange and a subsidiary of Philippine-listed DoubleDragon Corporation (PSE Ticker: DD), announces the signing of definitive binding agreements signed for the development of a 766-room Hotel101 in the heart of Melbourne Central Business District at 540 Flinders Lane, Melbourne, Australia. This expansion marks a significant milestone in the company's global growth strategy, bringing its novel globally standardized “condotel” business model to one of Australia's most vibrant and dynamic cities. Hotel101-Melbourne is expected to be completed in 2029.
The hotel will be located in the heart of Melbourne's Central Business District along the iconic Flinders Lane, a prime area renowned for its laneways, street art, boutique shopping, world-class dining, and proximity to major attractions such as Federation Square, Flinders Street Station, the Yarra River, and Southbank entertainment precinct. This strategic site positions the property as an ideal hub for leisure and business travelers seeking seamless access to Melbourne's cultural, commercial, and sporting hubs and will complement the existing premium hotel offerings in the CBD.
Key Location Advantages:
Central CBD Position: In the heart of Melbourne at 540 Flinders Lane, with immediate proximity to Flinders Street & Southern Cross Train Stations and immediate walking distance to Southbank Entertainment Precinct and free tram zones, guests are expected to enjoy effortless connectivity to key landmarks like Federation Square, the Arts Centre, and the Melbourne Cricket Ground (MCG).
Proximity to Major Attractions and Events: Ideally situated to capitalize on Melbourne's thriving tourism driven by year round world-class annual events, including the Australian Open tennis tournament, the Formula 1 Australian Grand Prix, the Melbourne International Comedy Festival, and the Melbourne Cup Carnival, which collectively boost hotel occupancy and drive significant economic impact.
Hotel101-Melbourne is expected to generate approx. AU$323.6 million (approx. Php 12.6 billion) in sales revenue forming part of Hotel101 Global’s global expansion strategy.
Hotel101-Melbourne is expected to offer 4-star amenities at affordable prices, including ample meeting spaces and a conference center tailored for business events. Consistent with Hotel101’s offerings across its locations globally, guests are expected to be able to enjoy modern rooms, 24/7 reception, all day dining, swimming pool, full-size gym, business center, children's pool, rooftop bar, ample parking, luggage storage and other amenities.
The development is subject to customary national, regional and municipal regulatory approvals.
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