HomeHotelCapital increase in Room Mate of €38.2 M to grow again

Capital increase in Room Mate of €38.2 M to grow again

Room Mate is preparing to continue growing after closing the chapter that led it to declare bankruptcy in 2022 and will do so driven by a capital increase of 38.2 million euros which has been recorded this Wednesday, February 7 in the Official Bulletin of the Commercial Registry of Madrid.

As confirmed to this newspaper, its founder and executive president, Kike Sarasola, is going to “close the best year in its history with a turnover of more than 105 million euros with 22 hotels operating in 13 cities in five countries. Furthermore, the EBITDA (gross operating profit) will reach 15 million euros, multiplying the 2019 figures by three.” Given the good moment that the chain is experiencing, bet on continuing to grow.

Previously, Room Mate left Be Mate, which increased capital by €11.5 million for its expansion. The Mexican investor Alex Garcia, one of its founding partners, has reinforced its participation through its family office; as well as, in a personal capacity, Javier Rubiowho already participated in the first round.

Source: Hosteltur

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