Philippine tycoon - Edgar "Injap” Sia - seeks up to US$125mil to expand hotel foray

MANILA, April 9 (Bloomberg): Edgar "Injap” Sia, who turned a chicken BBQ startup into one of the biggest Philippine restaurant chains, said his hotel venture is seeking to raise as much as $125 million this year to ramp up overseas expansion.

Hotel 101 Global Pte Ltd. runs a hotel in Manila and has 10 others in various stages of development in the Philippines. Its first foreign project in Niseko, Japan opens in 2025, and the next targets are Madrid and the US, where sites have been identified, Sia said in an interview.