In Q1 2026, Hotel101 Global Holdings Corp. completed the opening of its flagship Hotel101-Madrid, a 680-room property that has shown strong booking performance early on, establishing the company’s foothold in Europe. Concurrently, shareholders approved a share redesignation enabling the issuance of preferred shares, enhancing capital raising capabilities. The company's hybrid condotel model leverages asset-light condominium unit sales to third-party owners combined with centralized hotel operations managed by wholly owned subsidiaries, producing recurring management revenues aligned with unit owner incentives. With ongoing developments in Japan, Italy, Australia, and planned expansion in the US, Hotel101 is poised to scale globally while navigating regulatory approvals and operational complexities.