Room00 Next Gen Hospitality to invest €330-420M in European expansion

Room00 Next Gen Hospitality is committing €330 million to €420 million towards expanding its European footprint, targeting 20 new properties and 1,421 additional rooms across four key markets. The group's strategy prioritizes the acquisition and repositioning of urban hospitality assets, allocating 80% of the capital to existing hostels and hotels already in operation. This approach allows for rapid market penetration, particularly in dynamic urban destinations like London, where Room00 will make its operational entry with an investment of €50 million to €80 million. The remaining 20% of the capital will fund strategic developments in prime urban locations, complementing the existing asset purchases. This investment plan aims to consolidate Room00's position as a leading platform focused on millennial and Generation Z travelers, with significant capital directed towards Italy (€120-140 million), Spain (€100-120 million), and Portugal (€60-80 million). This ambitious expansion by Room00 Next Gen Hospitality follows a €400 million funding round completed in 2025, led by international investment fund Kings Street. The capital infusion provides the financial backing for Room00 to pursue its stated strategy of becoming a leading next-generation urban hospitality platform. Kings Street's support enables Room00 to target specific urban centers in Spain, Portugal, Italy, and the United Kingdom, adding 1,421 rooms to its portfolio. The group's focus on millennial and Generation Z travelers through repositioned urban assets positions it within a growing segment of the European hospitality market. The investment allocation, with €120-140 million for Italy and €100-120 million for Spain, indicates a clear geographic prioritization for Room00's growth trajectory.