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5 days ago
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35 Sephora Products You'll Want To Tell Everyone About
A One/Size glass skin setting spray, a skincare-infused elixir by our favorite witch, Patrick Starr. Perfect if you need tons of powder to set your makeup on your oily skin, but then end up looking all cake-y and un-skin-like. This'll melt the powder into the rest of your makeup for a seamless, glass-like blend. One/Size is a queer, Filipino-owned business founded by makeup artist Patrick Starr to ensure that makeup is really one size fits all, as it should review: "WOW Patrick, I never got your first setting spray, but you DEFINITELY got my attention with THIS new one. Of course, I've only used it once, but for me, having to use a setting spray one time makes a difference in whether I like it or not, and WOW, I am OBSESSED. The lay down on this setting spray is GORGEOUS, my new obsession." —nikkicalebPrice: $34 A Too Faced "Better Than Sex" mascara that'll condition your lashes while also adding volume and length, locking your lash curl in place. You'll get the false lash drama without the discomfort. Promising reviews: "I just ordered it. First day I tried it on, people asked if I had put false lashes on. It's the false eyelash look without the discomfort. Will definitely purchase again." —corsetgirl"Dramatic people must have. I watched It's a Wonderful Life for Christmas, and after bawling like a baby for 30 minutes, my eyes might have been puffy, but that mascara didn't budge." —lowkeykillerbeePrice: $16+ (available in two sizes and shades) A bottle of Kayali's "The Wedding Silk Santal 36" perfume, the dreamiest fragrance you'll ever smell. With hints of sugared musk, creamy sandalwood, sparkling champagne, and white freesia, you'll be *so* irresistible, you may have a trail of people following your scent. Promising review: "When this first dropped, I bought a 10 mL bottle. As soon as I smelled it, I immediately bought two 50 mL bottles because I KNEW it would sell out. It sold out the next day and hasn't been seen since! Well, she is back and I stocked up (again). This scent is GORGEOUS! All the rumors are true. It's soft, sweet, feminine, romantic, and enchanting. Not as loud or bold as V28. Compliment magnet. Don't be left out again. Just add to cart." —Sarel360Price: $32+ (available in two sizes) A jar of Sol de Janeiro Brazilian Bum Bum body cream made with a caffeine-rich guarana extract formula to help smooth, hydrate, and tighten skin, all while smelling absolutely delicious. An alcohol-free daily brush cleaner spray that'll help you remove the caked on foundation build-up on your brush in between your monthly deep cleaning. This'll be the best $10 you've ever spent, truly. Promising review: "Exceeded my expectations! I just spray on a paper towel, and it legitimately takes off all of the makeup and dirt from my brushes, and they're like new again! So much easier than using soap or something." —HanCenzPrice: $10 An Ilia milk essence moisturizer, a lightweight, hyaluronic acid-packed bottle of goodness that's perfect to incorporate into your skincare routine before sunscreen and makeup. Dry skin and redness are no match for this barrier-renewing miracle. Promising review: "I don't think I will ever NOT have this product as a staple in my skincare routine. I have combination skin, more so dry, and it is actually hydrating enough. It also provides a perfect base for makeup. Doesn't pill when used with other products either." —Kris10NicolePrice: $28+ (available in two sizes) A pack of Peace Out's microneedling dark spot dots for anyone who's absolutely fed up with their hyperpigmentation, which is a direct consequence of popping their pimples. It's me, I'm fed up, and these are in my cart. They're infused with niacinamide and tranexamic microneedles to help fade discoloration. Miracles come in many forms, and in this case, they're lil' dots you stick to your face. Promising review: "The Microneedling Dark Spot Brightening Dots are incredible! These little dots work wonders in lightening my dark spots and hyperpigmentation. I love how easy they are to use, and the results are noticeable after just a few uses. Highly recommended for anyone looking to fade dark spots and achieve a more even skin tone." —ronibeteshPrice: $28 (12 patches come in a pack) A Huda Beauty plumping lip gloss that isn't sticky and pairs gorgeously with their lip liners. Exhibit A, look at the pic below. I have four of these lip combos currently in my cart. Hydrated, smooth lips with blurred fine lines? Sign me up. Promising review: "PERFECT gloss!!! I finally found my new fave lip gloss after many failed attempts. It makes your lips look fuller, but without the tingling sensation that plumping lip glosses have. Obsessed." —kaylaluckyPrice: $21 (available in two finishes and 11 shades) A Nars soft matte concealer so magical, you'll be searching for a witch to thank. The creamy, full-coverage formula will blur and conceal any imperfections and leave you looking soft, natural, and matte as heck. This product has held it down for me for YEARS. I especially use it when I dance; it lasts me through long, sweaty show days and still looks flawless by the end of the day. I like other concealers, but this one is *top-tier*; it never fails me. I always return to this because she's reliable, matte, and has perfect, long-lasting coverage. Since I'm as oily as it gets, I do prefer this to the radiant one, although I do like that one, too. There's just really nothing like this, it def hits different. It was the first makeup product I tried and decided I'd repurchase forever. And the little pot lasts for a looong time. At them moment, I'm getting over a terrible, stress-induced breakout where I popped every pimple I had cuz I ran out of pimple patches, so now I have tons of dark marks. This is the only concealer out of the entire drawer full that I own that actually covers my dark spots. If you're as shiny as Tamatoa from Moana, you won't regret a single thing about this purchase. Promising review: "Always have been a fan of Nars, but this took it to a whole new level. Product is so full coverage. I can cover up my dark spots without any worry of having my light coverage foundation seep through." —yadira2001Price: $32 (available in 30 shades) A Refy brow sculpting, shaping, and lifting gel you'll wanna text everyone about cuz it'll have your eyebrows looking their absolute best. A sweatproof, waterproof, flake-free hold, plus the defined, laminated look without the defined, laminated price — who rubbed a lamp and made a wish? Promising review: "My first time trying this product was years ago. I loved how it went on and laid my brows, but it flaked. The hold also wasn't strong enough for my thick brows. This redo was much needed. Now it gives the look that no other brow product does (most similar to brown lamination) and now a super strong hold that lasts all day without white residue/flaking. Will now be purchasing this regularly. You gotta love when a brand listens and improves their staples! Bravo Refy!" —Zoebear92Price: $24 Supergoop Unseen Sunscreen that can also be used as your makeup primer, offering broad-spectrum SPF 50 without feeling greasy or leaving a white cast. I know, I know, trying to make sure you wear sunscreen on your face can be a pain, especially if you wanna wear a full face of makeup butttt, that's why this baby is so perfect! A win if I ever knew one. An active acne scar primer made by Topicals for those with acne-prone skin. Not only is it great for blurring pores and raised bumps for a flawless makeup application, but it also can help reduce texture over time with regular use. Makeup + skincare wrapped into one bottle?! Pinch me, I *must* be dreaming. Topicals is a Black woman-owned small biz!Promising review: "This is it. This is the one that *actually* blurs and fills in significant pitted scarring and large pores. My skin is oily/dehydrated. After years of trying every single primer available and being let down, I am astonished. On a totally bare, clean face, I press it into the scarring (don't rub, just tap it in) and wait for 30 seconds. The primer dries completely and levels itself into smoothness. I use Estée Lauder Double Wear foundation on top, and it actually stays put all day. I was worried about the silicone in this primer causing foundation separation issues, but after a 10-hour day, everything is still in place. I did look a tad oily after six hours and had to re-powder." —lcsftwPrice: $34 A Milk Makeup cooling water jelly lip and cheek tint stick, a sheer, hydrating, buildable burst of color with a ~cooling~ effect you'll be obsessed with all summer. Promising review: "This blush has made me obsessed with sheer stains. It looks so natural and fresh. Now, other types of blush seem heavy and overwhelming. I'm just loving the sheer look, and using it on my lips also adds an overall polish I love." —kiwibPrice: $24 (available in seven shades) A dual-ended foundation + face brush by Makeup by Mario to make blending and building foundation easy as heck. Promising review: "A makeup artist used this on my face, and I had to get it. This makes your life so much easier. I use the bigger side for foundation and the smaller one for concealer. It's perfect! 2-in-1, the products go on so smoothly, and I am impressed at how quickly it blends everything. A must have!!!" —vvpcPrice: $32 A Fenty lip oil for anyone who loves immediate hydration and locked-in moisture for their pout. This trio of perfection — vitamin E, passionfruit oil, and shea butter will help nourish and condition your lips *and* the colors of the oils are stunning. Everything you could want in a lippie product. Promising review: "This is my most favorite lip oil that I've tried! The iridescence is beautiful any time of day, and it smells so good it makes me want to eat it! I wear it to work, around the house, and out running errands — you really can wear it for any occasion. I also appreciate that it's not sticky feeling!" —DrStassiPrice: $26 (available in two finishes and nine shades) A Tower 28 cream blush that can *also* be used on your lips. If you've been searching for an unbelievably pigmented blush with a radiant, luminous finish, look no further. A viral Too Faced Born This Way Concealer so you can skip foundation because really, who has the time? It's a lightweight, full-coverage formula that magically conceals, contours, highlights, *and* retouches all at the same time, significantly cutting the time spent on just getting your base ready. Color Wow — a heat-activated anti-frizz treatment to apply before you blow dry. With anti-humidity technology, sorcery, and moisture repellent, it works kinda like a mini keratin treatment and seriously DELIVERS some incredible results. Oh, and Chris Appleton, celebrity stylist to both Kim Kardashian and swearssss by this stuff. A Touchland misting hand sanitizer that you'll quickly realize is far superior to all other sanitizers. First of all, it's a spray (genius), it's hydrating, not sticky or greasy, and will leave your hands sanitized and smelling good as heck. Whether you like fruity smells like watermelon and mango, or warm smells like sandalwood and vanilla, these'll serve as the most perfect sanitizers ever. You'll def want 'em all. Promising review: "I have fallen in love with this product, it smells like pure happiness if that makes sense, and it is a must-have! Also, the product doesn't dry out my skin. It helps sanitize and lasts forever!" —SanFillPrice: $10 (available in 11 scents) A Beauty Blender dual-sided powder puff to set and lock in powder, leaving you looking like an ethereal airbrushed angel. One side is for setting, the other is for buffing, blending, and refreshing. If perfection was a makeup tool, it'd be this one. Promising review: "Amazing!!!!! I love this product! It's perfect for makeup baking, and creating a poreless, crease-free, matte look. Will definitely repurchase." —PoutPerfectlipsPrice: $18 A Sol de Janeiro SPF 50 body spray with niacinamide, coconut water, and pongamia seed extract to keep your skin bright, even, protected, and hydrated. Sunscreen is such an important skincare step, and this one'll leave you with a gorgeous sheen *and* scent (Cheirosa '87, to be exact). Promising review: "Not only does it smell great, but there's no residue! It's like wearing summer. It works so well, too, I was outside in the sun for a few hours and no sunburn." —MelandGPrice: $20+ (available in two sizes) A Danessa Myricks skin-blurring balm powder that'll keep your oil balanced all day and suck up your sweat. It's matte, but still helps you maintain hydration so your skin doesn't look all dry and cakey. Danessa Myricks Beauty is a Black woman-owned biz!Promising review: "FINALLY! A foundation that does what it says it's going to do. I apply it with a wet sponge, and the coverage is perfect each time. I don't worry about it easily transferring to my clothes, hallelujah! To make things even better, I have NO SHINE. I have oily skin and have tried all the high-end to low-end brands to make my skin look matte, and nothing worked until NOW! I have slept in this makeup, and my face still looks good. I have recommended it to everyone I know." —Nainah8584Price: $36 (available in 22 shades) A Pat McGrath Labs powder bronzer sure to put you in a magical trance and make you fall in love after you see the flawless finish it delivers. Perfect, blurred skin with a naturally radiant glow? Yes, please. Pat McGrath Labs is a woman-owned biz!Promising review: "I've had three strangers comment on my 'perfect skin' since I started wearing this. It's the perfect shade for my skin. It has a blurring effect that makes skin look flawless and blends like a dream. I've already repurchased." —TexylvanianPrice: $39 (available in five shades) A set of six Topicals under-eye patches packed with all the good stuff like niacinamide, caffeine, and kojic acid to help brighten, hydrate, de-puff, and cool your under-eye skin. TikTok is obsessed with these lil' dark circle- and discoloration-targeting miracles. Topicals is a Black woman-owned small biz!Promising review: "I'm someone who rarely ever writes reviews, but I had to step up for these. I have really bad dark under eyes, like, no matter how I did my concealer, it would never cover them. These things right here? I have used four pairs so far, and on my fourth, I noticed a huge difference. I'm going to keep trying these out, but I'm super impressed. I thought these wouldn't do anything for me." —falizzlePrice: $22 for six pairs A One/Size oil sucker extreme mattifying primer you KNOW has to be good — oil sucker?! Sign me up. This stuff is like Iron Man in Endgame and the grease in your face is Thanos — shine stands no chance. Promising review: "After using this primer for a couple of months now, I can confidently say this is a game changer for my long lasting makeup routine. As an extremely oily skin girl, this is the one product I've tried that has made a noticeable difference in how long it takes for me to get shiny, if at all now. I lightly moisturize, let it sink in, apply a small amount of the primer, let it dry down for at least two minutes, then continue to apply my makeup as normal. When paired with the One/Size setting spray, my makeup really does last all day without breaking down. Would definitely repurchase!" —tiffanyt95Price: $34 A Tower 28 daily facial spray that'll help balance skin pH and help minimize irritation, redness, and flare-ups. Formulated to mimic the makeup of our bodies, this bad boy delivers ✨hypochlorous acid✨ (no, it's not a spell for incredible skin), which is found naturally in white blood cells. A Fenty Beauty blurring tinted moisturizer because summer is right around the corner and heavy foundation + sweat + being so hot you basically wish you could take off a layer of skin = not a good time. It's oil free, transfer-, water-, and sweat resistant, lightweight, and perfect for a fresh, no-makeup makeup look. A Milk Hydro Grip primer to help your makeup cling to your skin the way a 5-year-old clings to their parent's leg on the first day of kindergarten. This sticky, magical primer locks your makeup down to help avoid any fading or transfer. A BaByliss titanium flat iron (1") that'll give you bone-straight, sleek, shiny hair. It heats up quickly, delivering some seriously fabulous salon-quality results. A Haus Labs concealer with buildable coverage to help visibly blur, brighten, and conceal blemishes and discoloration. One use, and you'll be texting the group chat and talking about it non-stop. You won't be able to stop yourself, it'll be like word vomit, like when Cady couldn't stop talking about Regina. This concealer is definitely *so fetch*. Promising reviews: "I really like this. I was surprised. It's very creamy, hydrating, and doesn't crease in my lines. I have mature, dry skin, so it's difficult to find concealers and foundations that don't pill or crease." —kittenfkuffies"This is simply the best concealer I have ever used in my life. It blends like a dream, never creases, is super buildable, and it's the only concealer line that includes proper undertones to conceal properly!" —mcy0106Price: $32 (available in 31 shades) An oil-based cleansing balm by Then I Met You that'll remove your makeup (even water-resistant sunscreen!) and cleanse your skin of impurities and excess oils. It's chock full of seaberry oil, persimmon extract, olive oil, and vitamin E to help soften and protect your skin. So good, you'll go on a *witch hunt* for whoever conjured this up so you can thank them and make 'em your new bestie. A Drybar interchangeable styling iron because you don't have space for all those dang hot tools. You'll get a 1-inch wand, a 1.25-inch curling iron, and a waver all in one fantastically compact, frizz-reducing ionic styling tool. Plus, it has a 60-minute auto shut-off feature and comes with a heat-resistant carrying bag!Promising review: "Best curler I've ever had! If you have really thick or coarse hair and struggle to find a non-damaging, curl-holding device, I HIGHLY recommend this device. Yes, it's a little expensive, but it's worth it! It gets super hot, which I liked, but you can adjust the heat, and the product gave me a glossy-looking finish. The attachments are super easy to use and switch. Also, I sometimes have issues storing my hair products, but it comes with a heat protective little case, which is super convenient. I 100% recommend this!!!" —NDR36Price: $199 A Kulfi Beauty hydrating crease-proof concealer that's long-lasting, conceals dark circles, hyperpigmentation, and blemishes, banishes redness, and ~illuminates~ the under eye. This stuff will give you the plumpest, most moisturized, smooth, supple, balanced skin of your life without even needing to crack open a spell book. A deep conditioning hair mask with rice protein and biotin in it so you can have pillow-y soft, moisturized, luscious locks. It's perfect for color treated hair, damaged strands, split ends, and frizz, and will help make your hair exxxxtra strong. A Kiehl's night serum that'll help visibly smooth your skin and reduce the appearance of fine lines and deep wrinkles. This stuff contains *pure retinol*, which is basically *pure magic* and will help with loss of firmness and elasticity. Promising review: "I recently added this to my night regimen, and after two weeks of using it, I already notice a big difference. The lines on my forehead and between my eyes (11s) have already begun to fade. I'm impressed. It's well worth the cost. The bottle will probably last me three months; a little goes a long way. I've tried A LOT of different wrinkle serums and treatments, but this one is by far my favorite!" —JeskaPPrice: $88 The daily brush cleaning spray showing up in your life to help with cleaning your beauty tools: The reviews used in this post have been edited for length and clarity.
GMA Network
03-06-2025
- Business
- GMA Network
Realtor Filipino Homes enters Middle East market
"Now that I am a licensed broker in Dubai, we are opening up legitimate, professional opportunities for cross-selling. Brokers in the Philippines can now market and sell Dubai properties in partnership with us," said Filipino Homes' Anthony Leuterio. Filipino Homes video screenshot A Philippine real estate platform is expanding its footprint in the Middle East. In a press release issued Tuesday, Filipino Homes founder Anthony Leuterio announced that the platform may now legally and actively engage in property transactions in Dubai after he became a licensed property broker there. 'This is a milestone for Filipino Homes,' Leuterio said. 'Now that I am a licensed broker in Dubai, we are opening up legitimate, professional opportunities for cross-selling. Brokers in the Philippines can now market and sell Dubai properties in partnership with us.' Leuterio said brokers in Dubai can partner directly with Filipino Homes to co-manage property listings, which will later create new channels for collaboration between real estate professionals in the Philippines and the United Arab Emirates. ''A lot of foreigners and Filipinos want to invest in Dubai but don't know brokers who are licensed there. Now, through FHI Global Properties, they have a trusted, Filipino-owned agency they can rely on,'' he said. According to Leuterio, the expansion will enable Philippine-based brokers to take part in international transactions, helping them broaden their clientele and income potential. It will also provide new career opportunities for overseas Filipino workers (OFWs) who are based in Dubai, allowing them to become part-time brokers or full-fledged real estate professionals. 'We can now collaborate with developers in both countries, leveraging our globally competitive systems and platforms. Filipino Homes is ready to facilitate business both ways—selling Dubai properties in the Philippines and Philippine properties to Dubai-based investors,'' he said. Meanwhile, Leuterio earlier announced that his Cebu-based Filipino Homes was organizing the Asian Real Estate Summit (ARES) 2025, which will take place on July 1 and 2, 2025, in Bangkok, Thailand. Leuterio said he is expecting participation to grow, with more than 30 top developers and 1,000 real estate professionals anticipated to attend. — Anna Felicia Bajo/BM, GMA Integrated News
GMA Network
03-06-2025
- Business
- GMA Network
Hotel101 Global secures Nasdaq listing in June
Hotel101 Global Pte Ltd., the Singapore-headquartered subsidiary of DoubleDragon Corp., on Tuesday said it had secured the approval of the United States Securities and Exchange Commission (SEC) for its Nasdaq listing scheduled this month. Closing of the merger between Hotel101 and JVSPAC Acquisition Corp. is expected 'as soon as possible,' subject to regulatory and shareholder approvals and other customary closing conditions. As a result, Hotel101 will be worth $2.3 billion or P130 billion. Listed on the Nasdaq, JVSPAC is a blank check company led by its chairman and chief executive officer Albert Wong, who has been the chief executive officer and director of Kingsway Group Holdings, the sole distributor of Lamborghini in Hong Kong, Macau, and Guangzhou. Kingsway is also the lone distributor of Koenigsegg Automotive, Rimac Automobili, and Bugatti Automobiles for China, including Hong Kong and Macau. Upon listing, the combined entity will operate as Hotel101 Global Holdings Corp., which will be traded under the ticker symbol 'HBNB,' making it the first Filipino-owned company listed and traded on the Nasdaq. Hotel101's first three overseas projects are located in Niseko, Hokkaido, Japan; Madrid, Spain; and Los Angeles, California, in the United States. It seeks to expand in areas such as the United Kingdom, the United Arab Emirates, India, Thailand, Malaysia, Vietnam, Indonesia, Saudi Arabia, Singapore, Cambodia, Bangladesh, Mexico, South Korea, Australia, Canada, Switzerland, Turkey, Italy, Germany, France, and China. It targets to accumulate a portfolio of 1 million rooms in 101 countries before 2050. The company last week said it had partnered with the Horizon Group to develop up to 10,000 rooms in the Kingdom of Saudi Arabia, expected to translate to a $2.5-billion or P137.5-billion project value. Hotel101's parent company DoubleDragon is led by chairman Edgar 'Injap' Sia II and co-chairman Tony Tan Caktiong. —VBL, GMA Integrated News
Yahoo
02-06-2025
- Business
- Yahoo
HOTEL101 PROGRESSES TOWARDS NASDAQ LISTING
U.S. SEC DECLARES FORM F-4 SEC REGISTRATION EFFECTIVE SINGAPORE, June 2, 2025 /PRNewswire/ -- Hotel101 Global Holdings Corp. ("Hotel101" or "HBNB") and JVSPAC Acquisition Corp. (NASDAQ: JVSA) ("JVSPAC") announced today that the United States Securities and Exchange Commission ("SEC") has declared effective Hotel101's registration statement on Form F-4 filed with the SEC in connection with the previously announced business combination agreement between Hotel101 and JVSPAC. JVSPAC has scheduled the Extraordinary General Meeting of Shareholders ("EGM") on June 24, 2025 to vote on the proposed business combination with Hotel101. The business combination values Hotel101 at an equity value of US$2.3 billion. The closing of the business combination is expected to occur as soon as possible, subject to regulatory and shareholder approvals and other customary closing conditions. Upon listing, the combined company will operate as Hotel101 Global Holdings Corp. and trade under the ticker symbol "HBNB". Once listed, Hotel101 will become the first Filipino-owned company to be listed and traded on Nasdaq. Hotel101 is a subsidiary of Philippine-listed DoubleDragon Corporation (PSE: DD). Hannah Yulo-Luccini, CEO of Hotel101, said: "This significant step towards Hotel101's U.S. listing brings us closer to our vision of becoming the world's first truly global one-room hotel chain. Our asset-light, prop-tech hospitality platform is built for efficiency and scalability, offering a globally standardized 'condotel' model that empowers individual real estate unit ownership in the hospitality sector while enhancing the guest experience. This innovative approach creates a dual revenue stream – first, through the pre-sale of hotel units to individual unit owners, and then through long-term management and operations contracts. As we expand into key markets, including Japan and the U.S., we are taking a pivotal step through this listing that will help scale our model globally and redefine the global hospitality experience." Edgar "Injap" Sia II, Chairman and CEO of DoubleDragon Corporation and Founder of Hotel101, said: "Hotel101 was built on a bold vision – to create an entirely new category of hotel that combines efficiency, predictability and scalability in a way that has never been done before. With its unique and novel concept, we believe Hotel101 has significant potential to successfully expand globally. We expect this to have a network effect that will further elevate the brand and benefit all stakeholders within its ecosystem. As the global middle class continues to expand, we see an extraordinary opportunity to disrupt the industry with a model designed for rapid international growth. With DoubleDragon's deep experience in real estate and high-growth businesses, we are fully committed to supporting Hotel101 as it makes its mark on the global stage, becoming the first Filipino-owned company to be listed and traded on Nasdaq." Hotel101 is an asset-light, prop-tech hospitality platform pioneering a globally standardized "condotel" business model. Hotel101's management believes that Hotel101's global "one room" hotel chain model is poised to disrupt the hospitality industry by offering identical, standardized hotel rooms globally. In standardization, Hotel101 sees a global opportunity in the hospitality space that brings enhanced efficiency, especially for the value segment, enabling customers to know exactly what to expect whenever they stay at a Hotel101 property. With identical hotel units, Hotel101 streamlines development, operations, and guest experiences. Hotel101's proprietary app, which has over one million registered users, serves as a centralized platform for reservations, guest services, and loyalty programs. It adopts dynamic pricing for room rates and offers self-check in, made efficient by the availability of just one type of room. Hotel101 expects to set a new standard for efficiency, predictability, and scalability, creating sustained value for customers globally. Hotel101's asset-light 'condotel' business model is designed to scale efficiently while maximizing value for both unit owners and guests. Hotel101 generates revenue twice: first, from the pre-selling of individual hotel units during the construction phase; and second, from long-term recurring revenue derived from day-to-day hotel operations following completion of the units. By pre-selling standardized hotel units, Hotel101 generates upfront capital to fund new developments and expand rapidly. Its long-term management contracts with unit owners create a stable and recurring revenue stream. Hotel101 aims to bridge the gap between traditional hotels and fragmented hospitality marketplaces. Unlike traditional hotel chains that require significant capital investment to scale or marketplace aggregators that lack consistency and branding, Hotel101's model provides individual condominium unit owners with direct hotel unit ownership while maintaining the brand consistency and professional management of a global hotel chain. Hotel101's management believes that its properties will also receive arguably higher acceptance in the communities where they operate as all Hotel101 properties are purposely built as hospitality assets. Hotel101's management also believes that under this asset-light business model, Hotel101 properties are efficient to build, maintain, and operate – as well as scale and expand through direct development, joint venture partnerships, and franchise arrangements. Building on the success of Hotel101-branded properties in the Philippines – where there are two operating properties and a number under development – and Hotel101's ongoing international expansion to Japan, Spain, and the U.S., management believes that a Nasdaq listing will provide Hotel101 with access to public capital markets and help accelerate its global expansion plans. Hotel101 has access to a global marketing distribution platform with five international marketing offices and a wide network of partner agencies across key markets. Hotel101's long term vision is to establish a global footprint in 100 countries worldwide, with an initial 25 identified priority countries for the medium term. Albert Wong, Chairman, JVSPAC Acquisition Corporation, said: "The SEC's declaration of effectiveness is an important step toward the successful completion of the business combination between JVSPAC and Hotel101. Hotel101's innovative approach to hospitality has the potential to completely redefine the mid-market segment, while presenting a compelling opportunity for rapidly scalable, long-term growth. We look forward to supporting Hotel101 as it executes its global expansion strategy and enters the public markets." About DoubleDragon Corporation DoubleDragon Corporation currently has total assets of over US$3.8 billion, with a portfolio that spans over one million square meters of gross floor area principally from provincial community malls, a string of office buildings, a chain of industrial warehouse complexes and its chain of hotels. DoubleDragon Corporation has been listed on the Philippine Stock Exchange since 2014 and is controlled by two entities that own a combined 70% majority stake: Injap Investments Inc., which is a private family holding company led by Filipino Entrepreneur Edgar "Injap" Sia II, who is also the Chairman of MerryMart Consumer Corp, and Founder of Mang Inasal, one of the largest QSR fast food chains in the Philippines which is now under Jollibee Foods Corp.; and Honeystar Holdings Corp., which is a private family holding company led by Filipino Entrepreneur Tony Tan Caktiong, who is also the Chairman and Founder of the global QSR fast food chain Jollibee Foods Corp. Jollibee is the largest fast food QSR company in the Philippines and one of the largest globally through its portfolio of food brands with over 9,900 branches worldwide. Jollibee Foods Corp. currently has a market capitalization of over US$4.7 billion. About JVSPAC Acquisition Corporation JVSPAC Acquisition Corporation is a blank check company incorporated for the purpose of effecting a business combination (Special Purpose Acquisition Company). Listed on the Nasdaq, JVSPAC is led by Chairman and CEO Mr. Albert Wong. Mr. Wong has over two decades of experience in management, investment, marketing and capital markets with a focus on capital raising, special situation advisory, portfolio and project management, and execution. Since 2010, Mr. Wong has been the CEO and Director of Kingsway Group Holdings, a distribution conglomerate with luxury products ranging from yachts, automotive and prestige lifestyle solutions. Kingsway is the sole distributor of Lamborghini in Hong Kong, Macau and Guangzhou. Kingsway is also the sole distributor of Koenigsegg Automotive, Rimac Automobili and Bugatti Automobiles for China (including Hong Kong and Macau). In addition, Kingsway works with Tesla Inc in the aftersales servicing business. Mr. Wong is also co-founder of JVSakk Group and has been its Executive Director since 2010. JVSakk Group is a Hong Kong-based financial firm providing services in securities brokerage, asset, and fund management. They are also a licensed insurance broker and real estate agency in Hong Kong. Mr. Wong is responsible for overseeing growth, strategy, and investment decisions, and as of December 2024, JVSakk Group has approximately HK$6 billion in assets under management. Since 2014, Mr. Wong has been a member of the Advisory and Operating Committee of Isola Capital Group, an asset management and family office platform servicing shareholders and investors to access proprietary investment opportunities and asset management solutions. Forward Looking Statements This press release includes "forward-looking statements" which may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "expect," "anticipate," "believe," "seek," "target" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding projections, estimates and forecasts of revenue and other financial and performance metrics, projections of market opportunity and expectations, the estimated equity value of the combined company, Hotel101's ability to scale and grow its business, the advantages and expected growth of the combined company, the combined company's ability to source and retain talent, the cash position of the combined company following closing of the Transaction, JVSPAC's and Hotel101's ability to consummate the Transaction, and expectations related to the terms and timing of the Transaction, as applicable. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of JVSPAC's and Hotel101's management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve, and must not be relied on by any investor, as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of JVSPAC and Hotel101. These forward-looking statements are subject to a number of risks and uncertainties, including the ability of JVSPAC and Hotel101 to successfully or timely consummate the proposed Transaction, including the risk that any regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the proposed Transaction or approval of the shareholders of JVSPAC or Hotel101; failure to realize the anticipated benefits of the proposed Transaction; the combined company's ability to execute on its business model, potential business expansion opportunities in foreign countries and growth strategies, retain and expand customers' use of its hotel services and attract new customers, and source and maintain talent; risks relating to the combined company's sources of cash and cash resources; risks relating to Hotel101's business; risks relating to JVSPAC's and the combined company's vulnerability to security breaches; risks relating to the combined company's ability to manage future growth; the effects of competition on the combined company's future business; the amount of redemption requests made by JVSPAC's public shareholders; the outcome of any potential litigation, government and regulatory proceedings, investigations and inquiries involving the parties to the Transaction; the impact of the COVID-19 pandemic on Hotel101's or the combined company's business and the global economy; and those factors discussed in JVSPAC's final prospectus related to its initial public offering dated January 18, 2024, under the heading "Risk Factors," in JVSPAC's Annual Report on Form 10-K for the fiscal year ended December 31, 2024 under the heading "Risk Factors" filed with the SEC on March 11, 2025 and other documents filed, or to be filed, by JVSPAC with the SEC. If any of these risks materializes or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither JVSPAC nor Hotel101 presently knows or that JVSPAC and Hotel101 currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect JVSPAC's and Hotel101's expectations, plans or forecasts of future events and views as of the date of this press release. JVSPAC and Hotel101 anticipate that subsequent events and developments will cause JVSPAC's and Hotel101's assessments to change. However, while JVSPAC and Hotel101 may elect to update these forward-looking statements at some point in the future, JVSPAC and Hotel101 specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing JVSPAC's and Hotel101's assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements. Important Information About the Proposed Transaction and Where to Find It The proposed Transaction will be submitted to shareholders of JVSPAC for their consideration and approval. JVSPAC and Hotel101 have filed with the SEC a registration statement (the "Registration Statement") containing a proxy statement to be distributed to JVSPAC's shareholders in connection with JVSPAC's solicitation for proxies for the vote by JVSPAC's shareholders on the proposed Transaction and other matters as described in the Registration Statement, as well as a prospectus relating to the offer of the securities to be issued to Hotel101's shareholders in connection with the completion of the proposed Transaction. JVSPAC will mail a definitive proxy statement and other relevant documents to its shareholders as of the record date established for voting on the proposed Transaction. JVSPAC's shareholders and other interested persons are advised to read the definitive proxy statement/prospectus, once available, in connection with JVSPAC's solicitation of proxies for its special meeting of shareholders to be held to approve, among other things, the proposed Transaction, because these documents contain important information about JVSPAC, Hotel101 and the proposed Transaction. Shareholders may also obtain a copy of the definitive proxy statement as well as other documents filed with the SEC regarding the proposed Transaction and other documents filed with the SEC by JVSPAC, without charge, at the SEC's website located at or by directing a request to JVSPAC at G/F Hang Tak Building, 1 Electric Street, Wan Chai, Hong Kong. Participants in the Solicitation JVSPAC, DoubleDragon Corporation, Hotel101, and their respective directors, executive officers and other members of management and employees may, under SEC rules, be deemed to be participants in the solicitations of proxies from JVSPAC's shareholders in connection with the proposed Transaction. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of JVSPAC's shareholders in connection with the proposed Transaction are set forth in the proxy statement/prospectus contained in the Registration Statement which was declared effective by the SEC on June 2, 2025. You can find more information about JVSPAC's directors and executive officers in JVSPAC's final prospectus related to its initial public offering dated January 18, 2024. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests can be found in the proxy statement/prospectus contained in the Registration Statement. Shareholders, potential investors and other interested persons should read carefully the definitive proxy statement/prospectus, once available, before making any voting or investment decisions. You may obtain free copies of these documents from the sources indicated above. No Offer or Solicitation This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction Contacts Brunswick Group - Hotel101@ SOURCE Hotel101 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
02-06-2025
- Business
- Cision Canada
HOTEL101 PROGRESSES TOWARDS NASDAQ LISTING
U.S. SEC DECLARES FORM F-4 SEC REGISTRATION EFFECTIVE SINGAPORE, June 2, 2025 /CNW/ -- Hotel101 Global Holdings Corp. ("Hotel101" or "HBNB") and JVSPAC Acquisition Corp. (NASDAQ: JVSA) ("JVSPAC") announced today that the United States Securities and Exchange Commission ("SEC") has declared effective Hotel101's registration statement on Form F-4 filed with the SEC in connection with the previously announced business combination agreement between Hotel101 and JVSPAC. JVSPAC has scheduled the Extraordinary General Meeting of Shareholders ("EGM") on June 24, 2025 to vote on the proposed business combination with Hotel101. The business combination values Hotel101 at an equity value of US$2.3 billion. The closing of the business combination is expected to occur as soon as possible, subject to regulatory and shareholder approvals and other customary closing conditions. Upon listing, the combined company will operate as Hotel101 Global Holdings Corp. and trade under the ticker symbol "HBNB". Once listed, Hotel101 will become the first Filipino-owned company to be listed and traded on Nasdaq. Hotel101 is a subsidiary of Philippine-listed DoubleDragon Corporation (PSE: DD). Hannah Yulo-Luccini, CEO of Hotel101, said: "This significant step towards Hotel101's U.S. listing brings us closer to our vision of becoming the world's first truly global one-room hotel chain. Our asset-light, prop-tech hospitality platform is built for efficiency and scalability, offering a globally standardized 'condotel' model that empowers individual real estate unit ownership in the hospitality sector while enhancing the guest experience. This innovative approach creates a dual revenue stream – first, through the pre-sale of hotel units to individual unit owners, and then through long-term management and operations contracts. As we expand into key markets, including Japan and the U.S., we are taking a pivotal step through this listing that will help scale our model globally and redefine the global hospitality experience." Edgar "Injap" Sia II, Chairman and CEO of DoubleDragon Corporation and Founder of Hotel101, said: "Hotel101 was built on a bold vision – to create an entirely new category of hotel that combines efficiency, predictability and scalability in a way that has never been done before. With its unique and novel concept, we believe Hotel101 has significant potential to successfully expand globally. We expect this to have a network effect that will further elevate the brand and benefit all stakeholders within its ecosystem. As the global middle class continues to expand, we see an extraordinary opportunity to disrupt the industry with a model designed for rapid international growth. With DoubleDragon's deep experience in real estate and high-growth businesses, we are fully committed to supporting Hotel101 as it makes its mark on the global stage, becoming the first Filipino-owned company to be listed and traded on Nasdaq." Hotel101 is an asset-light, prop-tech hospitality platform pioneering a globally standardized "condotel" business model. Hotel101's management believes that Hotel101's global "one room" hotel chain model is poised to disrupt the hospitality industry by offering identical, standardized hotel rooms globally. In standardization, Hotel101 sees a global opportunity in the hospitality space that brings enhanced efficiency, especially for the value segment, enabling customers to know exactly what to expect whenever they stay at a Hotel101 property. With identical hotel units, Hotel101 streamlines development, operations, and guest experiences. Hotel101's proprietary app, which has over one million registered users, serves as a centralized platform for reservations, guest services, and loyalty programs. It adopts dynamic pricing for room rates and offers self-check in, made efficient by the availability of just one type of room. Hotel101 expects to set a new standard for efficiency, predictability, and scalability, creating sustained value for customers globally. Hotel101's asset-light 'condotel' business model is designed to scale efficiently while maximizing value for both unit owners and guests. Hotel101 generates revenue twice: first, from the pre-selling of individual hotel units during the construction phase; and second, from long-term recurring revenue derived from day-to-day hotel operations following completion of the units. By pre-selling standardized hotel units, Hotel101 generates upfront capital to fund new developments and expand rapidly. Its long-term management contracts with unit owners create a stable and recurring revenue stream. Hotel101 aims to bridge the gap between traditional hotels and fragmented hospitality marketplaces. Unlike traditional hotel chains that require significant capital investment to scale or marketplace aggregators that lack consistency and branding, Hotel101's model provides individual condominium unit owners with direct hotel unit ownership while maintaining the brand consistency and professional management of a global hotel chain. Hotel101's management believes that its properties will also receive arguably higher acceptance in the communities where they operate as all Hotel101 properties are purposely built as hospitality assets. Hotel101's management also believes that under this asset-light business model, Hotel101 properties are efficient to build, maintain, and operate – as well as scale and expand through direct development, joint venture partnerships, and franchise arrangements. Building on the success of Hotel101-branded properties in the Philippines – where there are two operating properties and a number under development – and Hotel101's ongoing international expansion to Japan, Spain, and the U.S., management believes that a Nasdaq listing will provide Hotel101 with access to public capital markets and help accelerate its global expansion plans. Hotel101 has access to a global marketing distribution platform with five international marketing offices and a wide network of partner agencies across key markets. Hotel101's long term vision is to establish a global footprint in 100 countries worldwide, with an initial 25 identified priority countries for the medium term. Albert Wong, Chairman, JVSPAC Acquisition Corporation, said: "The SEC's declaration of effectiveness is an important step toward the successful completion of the business combination between JVSPAC and Hotel101. Hotel101's innovative approach to hospitality has the potential to completely redefine the mid-market segment, while presenting a compelling opportunity for rapidly scalable, long-term growth. We look forward to supporting Hotel101 as it executes its global expansion strategy and enters the public markets." About DoubleDragon Corporation DoubleDragon Corporation currently has total assets of over US$3.8 billion, with a portfolio that spans over one million square meters of gross floor area principally from provincial community malls, a string of office buildings, a chain of industrial warehouse complexes and its chain of hotels. DoubleDragon Corporation has been listed on the Philippine Stock Exchange since 2014 and is controlled by two entities that own a combined 70% majority stake: Injap Investments Inc., which is a private family holding company led by Filipino Entrepreneur Edgar "Injap" Sia II, who is also the Chairman of MerryMart Consumer Corp, and Founder of Mang Inasal, one of the largest QSR fast food chains in the Philippines which is now under Jollibee Foods Corp.; and Honeystar Holdings Corp., which is a private family holding company led by Filipino Entrepreneur Tony Tan Caktiong, who is also the Chairman and Founder of the global QSR fast food chain Jollibee Foods Corp. Jollibee is the largest fast food QSR company in the Philippines and one of the largest globally through its portfolio of food brands with over 9,900 branches worldwide. Jollibee Foods Corp. currently has a market capitalization of over US$4.7 billion. About JVSPAC Acquisition Corporation JVSPAC Acquisition Corporation is a blank check company incorporated for the purpose of effecting a business combination (Special Purpose Acquisition Company). Listed on the Nasdaq, JVSPAC is led by Chairman and CEO Mr. Albert Wong. Mr. Wong has over two decades of experience in management, investment, marketing and capital markets with a focus on capital raising, special situation advisory, portfolio and project management, and execution. Since 2010, Mr. Wong has been the CEO and Director of Kingsway Group Holdings, a distribution conglomerate with luxury products ranging from yachts, automotive and prestige lifestyle solutions. Kingsway is the sole distributor of Lamborghini in Hong Kong, Macau and Guangzhou. Kingsway is also the sole distributor of Koenigsegg Automotive, Rimac Automobili and Bugatti Automobiles for China (including Hong Kong and Macau). In addition, Kingsway works with Tesla Inc in the aftersales servicing business. Mr. Wong is also co-founder of JVSakk Group and has been its Executive Director since 2010. JVSakk Group is a Hong Kong-based financial firm providing services in securities brokerage, asset, and fund management. They are also a licensed insurance broker and real estate agency in Hong Kong. Mr. Wong is responsible for overseeing growth, strategy, and investment decisions, and as of December 2024, JVSakk Group has approximately HK$6 billion in assets under management. Since 2014, Mr. Wong has been a member of the Advisory and Operating Committee of Isola Capital Group, an asset management and family office platform servicing shareholders and investors to access proprietary investment opportunities and asset management solutions. Forward Looking Statements This press release includes "forward-looking statements" which may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "expect," "anticipate," "believe," "seek," "target" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding projections, estimates and forecasts of revenue and other financial and performance metrics, projections of market opportunity and expectations, the estimated equity value of the combined company, Hotel101's ability to scale and grow its business, the advantages and expected growth of the combined company, the combined company's ability to source and retain talent, the cash position of the combined company following closing of the Transaction, JVSPAC's and Hotel101's ability to consummate the Transaction, and expectations related to the terms and timing of the Transaction, as applicable. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of JVSPAC's and Hotel101's management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve, and must not be relied on by any investor, as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of JVSPAC and Hotel101. These forward-looking statements are subject to a number of risks and uncertainties, including the ability of JVSPAC and Hotel101 to successfully or timely consummate the proposed Transaction, including the risk that any regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the proposed Transaction or approval of the shareholders of JVSPAC or Hotel101; failure to realize the anticipated benefits of the proposed Transaction; the combined company's ability to execute on its business model, potential business expansion opportunities in foreign countries and growth strategies, retain and expand customers' use of its hotel services and attract new customers, and source and maintain talent; risks relating to the combined company's sources of cash and cash resources; risks relating to Hotel101's business; risks relating to JVSPAC's and the combined company's vulnerability to security breaches; risks relating to the combined company's ability to manage future growth; the effects of competition on the combined company's future business; the amount of redemption requests made by JVSPAC's public shareholders; the outcome of any potential litigation, government and regulatory proceedings, investigations and inquiries involving the parties to the Transaction; the impact of the COVID-19 pandemic on Hotel101's or the combined company's business and the global economy; and those factors discussed in JVSPAC's final prospectus related to its initial public offering dated January 18, 2024, under the heading "Risk Factors," in JVSPAC's Annual Report on Form 10-K for the fiscal year ended December 31, 2024 under the heading "Risk Factors" filed with the SEC on March 11, 2025 and other documents filed, or to be filed, by JVSPAC with the SEC. If any of these risks materializes or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither JVSPAC nor Hotel101 presently knows or that JVSPAC and Hotel101 currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect JVSPAC's and Hotel101's expectations, plans or forecasts of future events and views as of the date of this press release. JVSPAC and Hotel101 anticipate that subsequent events and developments will cause JVSPAC's and Hotel101's assessments to change. However, while JVSPAC and Hotel101 may elect to update these forward-looking statements at some point in the future, JVSPAC and Hotel101 specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing JVSPAC's and Hotel101's assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements. Important Information About the Proposed Transaction and Where to Find It The proposed Transaction will be submitted to shareholders of JVSPAC for their consideration and approval. JVSPAC and Hotel101 have filed with the SEC a registration statement (the "Registration Statement") containing a proxy statement to be distributed to JVSPAC's shareholders in connection with JVSPAC's solicitation for proxies for the vote by JVSPAC's shareholders on the proposed Transaction and other matters as described in the Registration Statement, as well as a prospectus relating to the offer of the securities to be issued to Hotel101's shareholders in connection with the completion of the proposed Transaction. JVSPAC will mail a definitive proxy statement and other relevant documents to its shareholders as of the record date established for voting on the proposed Transaction. JVSPAC's shareholders and other interested persons are advised to read the definitive proxy statement/prospectus, once available, in connection with JVSPAC's solicitation of proxies for its special meeting of shareholders to be held to approve, among other things, the proposed Transaction, because these documents contain important information about JVSPAC, Hotel101 and the proposed Transaction. Shareholders may also obtain a copy of the definitive proxy statement as well as other documents filed with the SEC regarding the proposed Transaction and other documents filed with the SEC by JVSPAC, without charge, at the SEC's website located at or by directing a request to JVSPAC at G/F Hang Tak Building, 1 Electric Street, Wan Chai, Hong Kong. Participants in the Solicitation JVSPAC, DoubleDragon Corporation, Hotel101, and their respective directors, executive officers and other members of management and employees may, under SEC rules, be deemed to be participants in the solicitations of proxies from JVSPAC's shareholders in connection with the proposed Transaction. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of JVSPAC's shareholders in connection with the proposed Transaction are set forth in the proxy statement/prospectus contained in the Registration Statement which was declared effective by the SEC on June 2, 2025. You can find more information about JVSPAC's directors and executive officers in JVSPAC's final prospectus related to its initial public offering dated January 18, 2024. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests can be found in the proxy statement/prospectus contained in the Registration Statement. Shareholders, potential investors and other interested persons should read carefully the definitive proxy statement/prospectus, once available, before making any voting or investment decisions. You may obtain free copies of these documents from the sources indicated above. No Offer or Solicitation Contacts
