Hotel101 Global entered into definitive binding agreements to develop Hotel101 in Cambodia

Rhea-AI Summary

Hotel101 Global (NASDAQ:HBNB) has entered into definitive agreements with Canopy Sands Development to establish two major hotel projects in Cambodia. The first project, Hotel101-Phnom Penh, will feature approximately 700 rooms across 30 floors on a 2,033-square-meter commercial plot in the Tonle Bassac district. The second project, Hotel101-Sihanoukville, will house about 680 rooms on a 4,623-square-meter site within the US$16 billion Bay of Lights development.

The projects, expected to be completed by 2028, are projected to generate $109.55 million in sales revenue. Cambodia marks Hotel101's sixth country of operation, following its presence in the Philippines, Japan, Spain, United States, and Saudi Arabia. This expansion aligns with Hotel101 Global's vision to operate 1 million hotel rooms across 100 countries globally.

Positive

• Expected revenue generation of $109.55 million from the two Cambodian projects
• Strategic locations near key infrastructure - Phnom Penh property near Aeon Mall 1 and Sihanoukville property 5 minutes from airport
• Cambodia's strong tourism potential with 6.7 million international visitors in 2024
• Partnership with Canopy Sands Development provides access to prime land and local sales network
• Projects will be among the largest hotels in Cambodia by room count

Negative

• Extended completion timeline with projects targeted for 2028
• Potential risks from joint venture partnerships and project completion as noted in forward-looking statements
• High competition from established global hotel brands like Hyatt, Rosewood, and Shangri-La

Insights

Hospitality Development Specialist

Hotel101's strategic Cambodia expansion adds ~1,380 rooms in prime locations, potentially generating $109.55M in sales revenue by 2028.

Hotel101 Global's entry into Cambodia marks its sixth country expansion beyond its Philippines base, following Japan, Spain, USA, and Saudi Arabia. The company has secured two prime development sites through partnership with local powerhouse Canopy Sands Development, strategically positioning itself in Cambodia's growing tourism market which attracted 6.7 million international visitors in 2024.

The two planned properties demonstrate Hotel101's standardized asset-light strategy while targeting high-potential locations. Hotel101-Phnom Penh will feature approximately 700 rooms across 30 floors on a 2,033 square meter commercial plot in the Tonlé Bassac district - an economic and cultural hub near the upscale BKK expatriate district. Meanwhile, Hotel101-Sihanoukville will offer around 680 rooms on a 4,623 square meter site within the ambitious $16 billion Bay of Lights coastal development, strategically positioned beside a planned convention center and just 5 minutes from Sihanoukville's international airport.

Both properties will showcase Hotel101's signature 21-square-meter "HappyRoom" units with kitchenettes plus standard amenities including pools, gyms, dining facilities, and business centers. The projects align with Hotel101's ambitious global vision of operating 1 million hotel rooms across 100 countries, with these Cambodia properties expected to be among the largest hotels in the country by room count when completed in 2028.

The Cambodia expansion represents a calculated move into Southeast Asia's developing tourism market ahead of infrastructure improvements like Phnom Penh's new Techo International Airport opening in September 2025. The partnership with Canopy Sands Development provides Hotel101 with valuable local market knowledge and sales networks, critical advantages for navigating Cambodia's business landscape while maintaining their asset-light, prop-tech platform model.

Hotel101-Phnom Penh Cambodia is set to have approx 700 rooms with 30 floors to rise in a prime 2,033 square meters commercial land at Tonle Bassac, a vibrant riverfront economic and cultural hub near the popular upscale BKK District

Hotel101-Sihanoukville Cambodia is set to have approx 680 rooms to rise in a prime 4,623 square meters commercial land right beside the proposed international convention and exhibition center within the master-planned Bay of Lights coastal development

Hotel101-Phnom Penh and Hotel101-Sihanoukville projects in Cambodia are expected to generate $109.55 Million USD in sales revenue

Hotel101's entry to the Cambodian market to add to the current hospitality offerings that are now already operating in Cambodia which includes global hotel brands such as Hyatt, Rosewood, Raffles and Shangri-La

Cambodia is seen as a lucrative market for Hotel101 as the country was reported to have received a total of over 6.7 Million international visitors in 2024, and is expected to further grow with the upcoming opening on September 9, 2025 of a brand new Techno International Airport (KTI) in Phnom Penh Cambodia

Hotel101 in Cambodia is the 6^th country entered by Hotel101 after Philippines, Japan, Spain, United States and Saudi Arabia and will form part of the long term goal of Hotel101 Global to build a portfolio of 50,000 operating rooms in the Philippines, as part of the overall vision of 1 million operating Hotel101 rooms worldwide spread out across 100 countries globally

SINGAPORE, Aug. 20, 2025 (GLOBE NEWSWIRE) -- Hotel101 Global Pte. Ltd. ("Hotel101 Global"), the Singapore-headquartered subsidiary of Hotel101 Global Holdings Corp. (ticker NASDAQ:HBNB), a leading asset-light, prop-tech hospitality platform listed on the Nasdaq Stock Exchange entered into definitive agreements with Canopy Sands Development Co., Ltd. (“Canopy Sands Development”), one of Cambodia’s leading real estate developers, to develop two Hotel101 projects in Cambodia, which are expected to be among the largest hotels in the country by number of rooms upon completion.

Canopy Sands Group, being one of the largest local developers in Cambodia, has enabled Hotel101 build on to their prime land in Cambodia. In addition, the arrangement with Canopy Sands Development will also enable Hotel101 to navigate well the local landscape and utilize their existing local sales network in Cambodia.

These landmark developments, the first to be located in Phnom Penh, the capital and commercial hub of Cambodia, and the second to be located at Bay of Lights in Sihanoukville, a burgeoning financial and tourism beacon, mark a pivotal step in Hotel101 Global’s long-term vision to operate 1 million hotel rooms across 100 countries.

Hotel101–Phnom Penh, is set to rise on a 2,033 square meters of prime commercial land, is located in the Tonlé Bassac district of Phnom Penh, a vibrant riverfront economic and cultural hub. With a capacity of approx 700 rooms, this hotel is expected to be one of Cambodia’s largest hotels by number of rooms. Nearby is the popular upscale district of Boeung Keng Kang (BKK), a premier expatriate and business enclave. Hotel101–Phnom Penh is expected to feature Hotel101’s standardized 21-square-meter “HappyRoom” units, equipped with kitchenettes, alongside a range of Hotel101’s signature amenities such as a swimming pool, fitness gym, all-day dining, a business center, function rooms, and commercial spaces. This prime location, close to landmarks such as Aeon Mall 1 and the Independence Monument, positions the hotel to capture Phnom Penh’s growing demand for business and leisure accommodation. Cambodia reported to have received 6.7 million international visitors in 2024, and is expected to further grow with the upcoming Techo International Airport (KTI) slated to open on September 9, 2025. The project is expected to enhance the current hospitality offering that are already operating in Phnom Penh, Cambodia which include global brands such as Hyatt, Rosewood, Shangri-La and Raffles.

Hotel101–Sihanoukville, is set to rise on a 4,623 square meters of prime commercial land within the Bay of Lights, a groundbreaking US$16 Billion, 934-hectare master-planned coastal development led by Canopy Sands Development in Sihanoukville, a key growing tourism hub with stunning beaches. Hotel101–Sihanoukville, with approx 680 rooms, is expected to be the largest hotel in Sihanoukville in terms of number of rooms and is expected to feature the same standardized Hotel101 “HappyRoom” units and amenities as other Hotel101 properties globally. Hotel101–Sihanoukville is strategically positioned right beside the proposed international convention and exhibition center in the Bay of Lights development. Hotel101–Sihanoukville is further enhanced by its proximity, a mere 5 minute drive to the Sihanoukville airport, the third largest international airport in Cambodia, and is expected to complement Sihanoukville’s array of hotel offerings which include global brands such as Accor’s Novotel and Wyndham. In 2024, Canopy Sands Development signed a dual property agreement with Ascott Limited to operate two properties in Bay of Lights, Sihanoukville namely Oakwood Bay of Lights Sihanoukville and Summer Bay Beach Club.

These two Hotel101 projects in Cambodia are expected to generate US$109.55 Million in sales revenue once fully sold, form part of Hotel101 Global’s global expansion strategy, which includes its first three overseas projects under development in Niseko, Japan (482 rooms), Madrid, Spain (680 rooms), and Los Angeles, USA (approx 622 rooms) as well as affiliate Hotel101 hotels in the Philippines. The two Cambodian projects are targeted to be completed by 2028 and are expected to contribute to Cambodia’s economic growth through job creation, foreign investment, and increased tourism, while attracting both local and international buyers under Hotel101’s hassle-free hotel unit ownership model.

(Perspective and site location of Hotel101-Phnom Penh, Cambodia set to have approx. 700 rooms and 30 floors)

 

(Perspective and site location of Hotel101-Sihanoukville, Bay of Lights, Cambodia set to have approx. 680 rooms)

In photo during the signing of the binding definitive agreement today August 20, 2025 at Hotel101 Global Corporate Office in Singapore are; Carlos Agana – Hotel101 Global Legal Services Director, Catherine Chan – Hotel101 Global Chief Development Officer, Hannah Yulo-Luccini – Hotel101 Global CEO, ⁠Jimmy He – Canopy Sands Development Managing Director, ⁠David Dobson – Canopy Sands Development Country Head UAE and Senior Investment Director, with other Canopy Sands Group Officers and Hotel101 Global Officers

Forward Looking Statements

This document includes certain “forward-looking statements” within the meaning of securities laws of certain jurisdictions, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended. All statements other than statements of historical facts contained in this document, including statements regarding the future financial position, business strategy, plans and objectives of management for future operations of Hotel101 Global Holdings Corp. (“HBNB”) and its subsidiaries (the “HBNB Group”), are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “expect,” “predict,” “potential” or the negative of these terms or other similar expressions. Forward-looking statements include, without limitation, HBNB’s expectations concerning anticipated sales revenues, the location, expected number of rooms and expected project completion dates, the outlook for the HBNB Group’s business, productivity, plans and goals for future operational improvements and capital investments, operational performance, future market conditions or economic performance and developments in the capital and credit markets and expected future financial performance, as well as any information concerning possible or assumed future results of operations of the HBNB Group. These forward-looking statements are based on the beliefs and assumptions of the management of HBNB. Although HBNB believes that such plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, HBNB cannot assure you that such plans, intentions or expectations will be achieved or realized. Forward-looking statements involve a number of risks, uncertainties and assumptions and actual results or events may differ materially from those projected or implied in those statements. Factors that may cause actual results to differ materially from current expectations include, but are not limited to, the HBNB Group’s ability to execute on its business model, potential business expansion opportunities in foreign countries and growth strategies, manage future growth, retain and expand customers’ use of its hotel services and attract new customers, and source and maintain talent; risks relating to joint venture partners, including owners of pre-sold condotel units in Hotel101 hospitality projects, who may have interests different from and may take actions that adversely affect the HBNB Group; risks relating to project cost and completion; risks relating to the HBNB Group’s sources of cash and cash resources; risks relating to offering deferred payment schemes, including the risk of customer default; the HBNB Group’s ability to effectively compete in the highly competitive hospitality industry; any declines or disruptions in the travel and hospitality industries or economic downturn; applicable laws and regulations to real estate development and marketing activities and hotel operation and management activities in the jurisdictions where the HBNB Group has operations or intends to expand into; and other risks and uncertainties discussed in HBNB’s Shell Company Report on Form 20-F filed with the U.S. Securities and Exchange Commission on July 7, 2025 and under the heading “Risk Factors” in HBNB’s registration statement on Form F-4 (File No.: 333-287130) and other documents to be filed by HBNB from time to time with the U.S. Securities and Exchange Commission.

The foregoing list of factors is not exhaustive. Should one or more of these risks or uncertainties materialize, or should any of HBNB’s assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. There may be additional risks that are not presently known to HBNB or that HBNB currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. HBNB cautions you against placing undue reliance on forward-looking statements, which reflect current beliefs and are based on information currently available as of the date hereof. Forward-looking statements set forth herein speak only as of the date of this document. HBNB does not undertake any obligation to revise forward-looking statements to reflect future events, changes in circumstances or changes in beliefs. In the event that any forward-looking statement is updated, no inference should be made that HBNB will make additional updates with respect to that statement, related matters or any other forward-looking statements.

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/daed48d9-6ca3-4f47-82bc-62e7c42c2dc5

https://www.globenewswire.com/NewsRoom/AttachmentNg/add042e3-89d3-475b-abcb-eece5037a862

https://www.globenewswire.com/NewsRoom/AttachmentNg/f94b0ae3-8e8c-4cf5-ba40-14595a31b037

Contact:
ir@hotel101global.com

FAQ

What are the key details of Hotel101's new Cambodia development projects?

Hotel101 is developing two properties: a 700-room hotel in Phnom Penh and a 680-room hotel in Sihanoukville, expected to generate $109.55 million in sales revenue and be completed by 2028.

How many rooms will Hotel101-Phnom Penh have and where will it be located?

Hotel101-Phnom Penh will have approximately 700 rooms across 30 floors, located on a 2,033-square-meter commercial land in the Tonle Bassac district, near the upscale BKK District.

What is the expected revenue from Hotel101's Cambodia projects?

The two Hotel101 projects in Cambodia are expected to generate US$109.55 million in sales revenue once fully sold.

How does the Cambodia expansion fit into Hotel101's global strategy?

Cambodia is Hotel101's sixth country of operation, contributing to its long-term vision of operating 1 million hotel rooms across 100 countries globally.

When will the Hotel101 Cambodia projects be completed?

Both Hotel101 projects in Cambodia are targeted to be completed by 2028.

What amenities will Hotel101's Cambodia properties offer?

The properties will feature standardized 21-square-meter 'HappyRoom' units with kitchenettes, swimming pools, fitness gyms, all-day dining, business centers, function rooms, and commercial spaces.