Room00, dynamic hospitality group based in Madrid, Spain managing a chain of quality hostels, company started to operate in 2012 and quickly grew in the market with a collection of various creative hospitality brands such Room00, Room Select and LETOH LETHO, focused on solid concepts linked to innovation, design, comfort and passionate about creating special and surprising experiences with furthermore offering affordable prices consolidating itself as Europe's largest and leading Hostel Chain boasting in its portfolio a large variety of accommodations in Spain and Portugal.
The group with a strong and planned strategy of expansion added 13 new establishments in 2024 in the major key cities of the Iberian Peninsula such as Barcelona, Bilbao, Granada, Madrid, Malaga, Porto, Seville and Valencia boasting a portfolio totaling 30 establishments in operation, in addition another 20 under construction.
The unstoppable growing of Room00 is also highlighted by the purchase of Toc Hostels, Madrid - based conglomerate Dorsa Holding Group and boutique - hotel and hostels operator and Casa Gracia, top hostel in Barcelona, operations that doubled the group which continued its expansion with also the acquisition of two OCA hotels in Porto, Portugal.
The very fast growth of Room00, the main platform for hostels and boutique hotels in the Iberian Peninsula continues year by year reaching new further goals, it ended 2024 with a figure of €70.0 million, which represents a growth of 90% compared to the previous year and it is planning new objectives for 2025.
With this high performances in expansion and revenues Room00 has set itself the goal of doubling its turnover again, comfortably exceeding €100.0 million in 2025 and looking ahead this year, the company to reach this goal expects to maintain in pace of expansion more than 20 new openings in strategic locations, which will consolisate its leadership in the sector.
Concerning the chronological success of Room00, undoubtedly one of the group' key milestones was September 2024, with the purchase of the aforementioned Toc Hostels, an important stage in the growth positioning the company as the largest hostel chain in Europe and in addition managing to strengthen its presence in strategic cities and optimizing its operation.
Just a month later, in October 2024, Room00 reached a further milestone completing the acquisition of Casa Gracia in Barcelona situated in the central Paseo de Gracia in the Catalan capital, the chain's largest establishment boasting 146 rooms in a prime location and with the most expensive floor in the city.
Another key of the success of Room00 is to be constantly committed to offering a unique experience to its guests by incorporating new services that go beyond traditional accommodation and creating new options with a diversified offer that include catering, cocktails, wine bars, specialty coffee and coworking spaces, services offered to both hotel guests and the local public.
The integration of these services undoubtedly reinforces the concept of urban hospitality, creating an ecosystem in which work, leisure snd rest merge in the same space.
Next to continuous achievements Room00 is also dedicated to strengthening its team, incorporating new talents that will allow the group to continue growing with solidity and professionalism, maintaining operational excellence in each of its properties.
The company also maintains its very firm commitment to sustainability, accredited by the United Natiions and MITECO, the Spanish Ministry for Ecological Transition and Demographic Challenge, as the first chain of hostels and boutique hotels with zero carbon emissions, managing to balance 100% of its greenhouse gas emissions.
The CEO of Room00 Group, Ignacio Requena said that the growth of the compsny has been based on two key pillars, organic expansion with both new and repeat investors and the realization of corporate to absorb other platforms.
In addition the group opted to offer a differentiated experience in its establishments, combining accommodation with exclusive services open to both guests and the local public.
Link - https://www.expreso.info/noticias/hoteles/105219_room00_se_consolida_como_la_mayor_cadena_de_hostels_de_europa
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