The significant funding will accelerate Room00’s aggressive expansion strategy across Spain, Portugal, and Italy, with plans to acquire prime hotel properties in highly sought-after micro-locations throughout Madrid, Barcelona, Lisbon, Porto, Milan, Rome, and Florence.
This strategic move comes at a pivotal time, as demand for urban tourism is surging and real estate acquisition opportunities abound for well-capitalized players.
Founded in 2012 and headquartered in Madrid, the company has developed a distinctive ecosystem encompassing 2,500 rooms and 50 assets through its portfolio of lifestyle brands: Room00 Hostels, Toc Hostels, room Select Hotels, and LETOH LETOH.
