Hotel101 Global—a unit of DoubleDragon, which is jointly owned by Philippine fast food giant Jollibee founder Tony Tan Caktiong and real estate tycoon Edgar Sia II—will raise $300 million through a preferred share sale to fund its global expansion plans.

The perpetual preferred shares will be sold in the U.S. where Hotel101 is listed, Manila-based DoubleDragon said in a statement, without stating the date for the sale.

The fund raising comes as DoubleDragon said it’s........

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