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Published on Tue, 05/13/2025 – 09:56
King Road Capital Management has announced a €400 million funding in Room00, a European player specialising in city and diagram of life hotels. This financing is designed to toughen the firm’s enhance and hunch its expansion in key markets in Southern Europe.
Investment to toughen Room00’s pan-European expansion
This strategic funding will allow Room00 to proceed its expansion, in particular in Spain, Portugal and Italy, and to prepare for its entry into the UK market.
The funds will be gentle to create and renovate properties in strategic European cities such as Madrid, Barcelona, Lisbon, Porto, Milan, Rome and Florence.
The firm is thus increasing its portfolio while placing ahead a hybrid model in step with leases and hotel management contracts, nonetheless with the choice of acquiring properties straight.
Heroic targets for the lengthy hunch
Room00 at the 2nd operates more than 2,500 rooms across 50 properties, with producers ranging from childhood hostels to hotels. The firm plans to attain 200 properties and 15,000 rooms by 2029.
Room00 furthermore has plans so that you can add a extra 1,000 rooms to its portfolio with its first place of residing in London by the tip of 2025.
“We preserve in solutions Room00 to be one in all presumably the most modern and scalable platforms in the European hotel panorama. Its entirely integrated operating model and strategic focal point on city centre locations create it a treasured companion in our European property enhance approach.” – Paul Brennan, Associate and Co-Head of Accurate Property at King Road
“This funding by King Road validates our industry model because the main vertically integrated hotel operating and funding platform in town and diagram of life hotel sector in Southern Europe. This might perhaps allow us to hunch our enhance thru the acquisition of top right estate, attract presumably the most attention-grabbing abilities and originate up new opportunities for collaboration with investors who share our lengthy-duration of time imaginative and prescient.” – Ignacio Requena, CEO of Room00
A enhance approach supported by a gradual community of companions
King Road’s toughen is a key hiss in Room00’s enhance approach. This partnership reflects a increasing curiosity in town and diagram of life hotel sector, which is booming and attracting customers looking out out out legit experiences in top locations.
This funding will allow Room00 to proceed its immense-scale pattern, while consolidating its footprint in town hotel sector in Southern Europe.
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