Published by Global Banking & Finance Review®
Posted on May 13, 2025
1 min readLast updated: January 23, 2026
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Room00 raises $444M from King Street Capital to expand in London, aiming to acquire 20 assets. The company operates 50 hostels in Southern Europe.
MADRID (Reuters) -Spanish hotel group Room00 said on Tuesday it had raised 400 million euros ($444.4 million) in new equity from investment fund King Street Capital Management to finance its expansion in London.
The company did not disclose its valuation after the capital injection.
The privately held company runs 50 high-end hostels in Spain, Italy and Portugal with about 2,500 individual and group rooms designed for young tourists.
Room00 intends to buy 20 assets in London with as many as 1,000 rooms, it said.
The company, owned by Spanish businessman Ignacio Requena, has recently bought a series of hostels and intends to leverage on the current Southern Europe tourism growth to expand elsewhere.
($1 = 0.9002 euros)
(Reporting by Inti Landauro; Editing by Kirsten Donovan)
The article discusses Room00's $444 million funding from King Street Capital for its expansion in London.
Room00 is a Spanish hotel group operating 50 high-end hostels in Spain, Italy, and Portugal.
King Street Capital Management invested $444 million in Room00.
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