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JVSPAC Acquisition Corp. Class A ( (JVSA) ) just unveiled an announcement.
On May 30, 2025, Forbes reported that Hotel101 Global plans to expand into Saudi Arabia by building 10,000 rooms valued at $2.5 billion, in collaboration with Horizon Group. This expansion aligns with the travel boom in Saudi Arabia and comes ahead of Hotel101’s planned Nasdaq listing, following its $2.3 billion merger with a Hong Kong-based SPAC. The move is expected to significantly impact the hospitality market in Saudi Arabia, leveraging the rapid-build model and local expertise to enhance the country’s tourism infrastructure.
More about JVSPAC Acquisition Corp. Class A
JVSPAC Acquisition Corp. is involved in a merger agreement with Hotel101 Global, a unit of DoubleDragon Corporation. Hotel101 Global, backed by Jollibee founder Tony Tan Caktiong and real estate tycoon Edgar Sia II, focuses on expanding its hotel chain globally, offering standardized, affordable rooms under the ‘condotel’ concept.
Average Trading Volume: 68,561
Technical Sentiment Signal: Strong Buy
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