Transaction, Espagne | Room Mate Hotels (Westmont Hospitality) renforce sa présence avec l’acquisition de Staying Valencia
🏨 Madrid-based Room Mate Hospitality & Leisure, S.L. acquired Valencia's Staying Valencia, a portfolio of boutique hotels and aparthotels. Backed by TPG Angelo Gordon and Westmont Hospitality, which bought Room Mate Hotels in 2022, this strategic move aims to expand Room Mate's presence in Spain, especially in Valencia, Spain's third-largest city. Staying Valencia operates ten establishments, including the award-winning Helen Berger Hotel. Post-acquisition, Room Mate Hotels plans to integrate and rebrand these properties. The financial situation of Room Mate Hotels has improved since its 2022 takeover, with investment in hotel revamps positioning it for further international growth.
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