Room Mate will collaborate with two major international hotel companies

Currently mate room It is in talks with two European hotel chains to include 32 propertieswhich is in addition to the 22 operational processes, which its CEO and founder, Kiki Sarasola, believes can reach its goals. The goal is to reach 100 hotels in two or three years. This was made clear in an interview with Efe in which he also confirmed that other new hotels will soon join the brand, especially in Italy, something the manager has already confirmed in a recent interview with HOSTELTUR where he explained the advantages of growth with 150% support from investors. In that country he negotiates Five hotels, two of them in Milan, two more in Venice and one in Rome.

“We are growing by hotel-by-hotel, with the potential to buy a portfolio of 10 to 20 hotels,” including two operations in Europe, one with 10 hotels and the other with 22 hotels from companies not operating in Spain.

The chain opened a new line of business with the brand groupin the four-star plus category, to which it has currently added two hotels, one in Barcelona and the other in Milan, but will soon add three more hotels located in Italy.

In fact, Sarasola says, Of the new people who will join the company, the majority (about 60%) will go to that new brandwhich maintains the characteristics of Room Mate, such as being located in city centers and being adorned with top-tier names, but steps up a notch, targeting customers aged 40-50 with good purchasing power.

“Our customers in these hotels, especially Americans, are willing to pay more. They don't want the ostentatious luxury of a 5-star hotel, they want the quiet luxury. They don't want to pay 1,500 euros a night to sleep, shower and have breakfast, but they want to pay $500 for great services.” .

But he claims to be “delighted” with the company's owners It is understood that Angelo Gordon could be out of DC within 5-10 yearsHe asserts that it is in the nature of money that it always comes in with an invitation to leave, “but not me.” It does not even rule out re-entry into the shareholding.

Affects good results 2023, which raised its sales volume to 106.5 million, with “Italy Shot”.Spain is “developing very well as well” and highlights that in 18 months the company has gone from bankruptcy to achieving positive results.

2024 will be a good year, and in fact in the first quarter they recorded a 10% increase in sales, although double-digit growth is “not sustainable”, so it will be a stabilization exercise, with single-digit increases in sales volume.

He explains: “The year looks very good, and it seems that the wars have not affected it. People prefer to travel rather than buy a car or a house. They want to live day after day.” the The outlook is good even in TürkiyeThey have a hotel in Istanbul, because despite the proximity, they did not notice the effects of instability in the Middle East.

Other news about Room Mate:

– Sarasola: Advantages of growth with 150% support from investors

Room Mate launches a new brand after achieving the best results in its history

– Increase Room Mate's capital by €38.2 million to grow again

– Kiki Sarasola, the return of the phoenix at the helm of Room Mate

– Changes to the senior management team at Room Mate

– Kike Sarasola reveals expansion plans for the new Room Mate