US fund invests 40 million euros: revolution in Portuguese tourism!

US fund invests 40 million euros: revolution in Portuguese tourism!

Lissabon, Portugal - A US fund has announced that it will invest 40 million euros in Portugal's tourism sector. This decision comes as part of a pan -European expansion strategy of Room00, a company that specializes in the development of hotel properties. According to a report by The Portugal News , this investment is the way for the acquisition and the renovation of hotels in important Cities like Lisbon and Porto.

ROOM00, founded in Madrid in 2012, is pursuing an ambitious goal: Over the next four years, over 200 objects with a total of 15,000 rooms in southern Europe and 20 objects with 1,000 rooms in London are to be added. The first tourism unit in London is to be opened until the end of the year, which underlines the company's growth ambitions.

focus on southern Europe

The planned investments are strategically geared towards Spain, Portugal and Italy. Room00 intends to build a portfolio that includes both state-of-the-art hostels and boutique hotels. Among the company's various brands are Room00 Hostels, Toc Hostels and Letoh Letoh, all of which are characterized by their modern design and central location.

A unique feature of the Room00 growth strategy is that it is based on hotel rental and management contracts, but at the same time also offers the option of purchasing real estate directly. For the Italian market, Room00 has agreed a partnership with Kryalos SGR to structure a special real estate investment vehicle.

confirmation of the business model

CEO IGNACIO Requena describes King Street's investment as confirmation of the entrepreneurial model and as an opportunity to accelerate the company's growth. Paul Brennan from King Street emphasizes Room00 as a strong, innovative and scalable platform within the European hotel industry.

For the Portuguese market, another real estate fund manager is currently being selected, which no details are yet known about. These developments show how important tourism is for economic relaxation and growth in Portugal, while the country is increasingly positioning itself as an attractive goal for investors. Further information about private equity and independent investments can be found on grcim