Room007, a chain of hostels and boutique hotels, has successfully closed a €5 million financing round in the first half of the year. This investment, led by Banco Santander's Smart Fund, is in addition to the €7.5 million in equity the company raised previously.
With a total of €12.5 million in financing, Room007 is in a solid financial position to drive its organic expansion and carry out corporate acquisitions in Spain, Portugal and Italy, countries where it is already present.
The financial backing obtained provides the startup, founded by Nacho Requena, with a solid foundation to continue its agile and stable growth. Nacho Requena, CEO of Room007, highlighted the positive evolution of the company and the determination of the team to keep having fun and doing things right. In an ever-changing world, Room007 proposes a different way to travel, where you can sleep, rest and share experiences to the traveler's liking. "Travel with us the way you want to," said Requena.
Openings and expansion plans:
During this first half of the year, Room007 has opened new establishments in Rome, San Sebastian and Bilbao. For the second half of the year, openings are planned in Barcelona, Valencia, Rome and Lisbon. Despite the impact of the pandemic, the company has managed to triple its size compared to 2019, and is expected to continue this trend of accelerated growth, as mentioned by Nacho Requena.
Room007 stands out in the hotel sector for its unique and tailored approach to changing travel patterns. The chain offers an alternative lodging experience, where travelers can enjoy comfortable and flexible stays. With a strong presence in several European markets, Room007 aims to continue to expand and offer travelers a differentiated proposition that fits their needs and preferences.
With the financial backing of Banco Santander's Smart Fund, Room007 is poised to consolidate its position in the hotel industry and continue to innovate in the lodging sector. The success of the latest round of financing reflects confidence in the company's business model and its ability to adapt to the changing demands of modern travelers.