Atom Hoteles SOCIMI and the hotel chains already have more than 50% of their hotel portfolio open.
ATOM Hoteles SOCIMI, promoted by Bankinter and managed by GMA, announces that, since the beginning of this week, it has more than 50% of its hotel portfolio open to the public.
The end of the state of alarm has led to a significant increase in reservations for the season and with this there are now 15 SOCIMI hotels open out of a total of 28. “The location of our hotels, the full refurbishments and the efforts done, together with the hotel chains, to adapt the hotels to the needs of the market and the adjustment of the operating models, will allow us to progressively open the hotels in the coming weeks. In July we will deliver the fully refurbished resort, Labranda Suite Costa Adeje, with its complete repositioning. With this we will have all out hotels operating on that date”, declared Víctor Martí Founder and CEO of GMA / Atom Hoteles SOCIMI.
During the last year, GMA has maintained the policy of advancing all investments and CapEx investments and processes. In addition to this, the company has had, as a priority, the execution of works with local companies and partners, helping to create employment and promote economic activity in the destination where the assets are located. . In this sense, the company has worked hand in hand with the operators collaborating on CapEx plans to comply with the highest health & safety protocols, both for guests and employees of the establishments. In the operational field, ATOM has constantly analyzed break open and break even scenarios, allowing it to make an appropriate decision regarding hotel openings.
In the coming weeks the company expects to reach a percentage of openings that will be above 70%, with hotels in the Balearic Islands, such as Fergus Club Europa, with a recent expansion of 81 premium rooms, Alua Calas de Mallorca, which reopens with the image of a new Operator ALUA, and Sol Falcó, with a new Splash Park, enhancing the product offer for the whole family. On the other hand, in the Canary Islands, Atom Hoteles foresees the opening of hotels such as Labranda Suites Costa Adeje and Labranda Costa Mogán, which have been renovated this year with an investment of more than 32 million euros.
Thus, by the end of July ATOM aims to achieve the opening of all its hotel assets, except for the AC Baqueira Autograph Collection, which is scheduled to open in December 2021.
About ATOM Hotels
It is the first SOCIMI that owns hotels in Spain, an alternative investment vehicle specialized in the hotel sector, promoted by Bankinter in January 2018 together with the real estate asset manager GMA, and which, to date, after the two extensions of capital made, has attracted nearly 800 shareholders.
Its strategy has been based on building a portfolio of four- and five-star urban and holiday hotels, in priority destinations and transferred under long-term lease to first-rate national and international operators and independent hoteliers.
At present, ATOM’s portfolio is made up of 28 establishments, totaling 6,626 rooms, with an asset value of more than 660 million euros.
He is an independent investor and manager of real estate investment vehicles, specialized in real estate assets and projects with a hotel underlying.
In his more than 20 years of experience in the national and international market, he has managed his own investments and those of third parties, assuming different roles depending on the type of vehicle, from pure management to the figure of investor-manager.
In recent years, the team has participated in more than 400 operations and participated in hotel projects worth more than 5,000 million. Today, it manages around € 1 billion in assets. Its parent is GMA Capital, a promoter partner together with Bankinter of ATOM.
It is the sixth Spanish bank by size, the one with the highest profitability among the main entities in the market and one of the most solid in the Spanish financial system. Bankinter Investment, the entity’s Investment Banking area, has promoted in the last five years an important alternative investment platform, after launching 15 investment vehicles, in the hands of partner-managers who are experts in sectors as diverse as hotels, renewable energies, student residences, infrastructures, commercial surfaces and venture capital. Bankinter has managed to attract with these vehicles a committed capital of 3,000 million euros from Private Banking and institutional clients of the bank, which has made it a benchmark for alternative investment in the Spanish market. Bankinter Investment has a portfolio of assets under management of more than 5,000 million euros, including project financing.