Investment Strategy

Our strategy

AT GMA Corporate we are continuously monitoring hotel markets for potential investments. In over 30 years we have generated extensive market knowledge and strong relationships with the world’s largest hospitality brands, destinations, investment banks and advisors, among others.

We are co-investors in all the funds and portfolio we manage. We primarily focus in buying assets at a specific time of the cycle that provides the strongest returns for our investors.

GMA has invested in different types of hotels including mid-market, full service, upscale as well as luxury hotels and resorts.

Main investment vehicles


Over 30 years of excellence in private equity investments.

GMA Capital is a global business with capabilities in corporate finance, capital markets, asset management, property management and principal investment.


ATOM HOTELES SOCIMI S.A is a publicly listed SOCIMI (Spanish REIT) focused on the hotel industry in Spain. Incorporated in January 2018 by Bankinter and GMA Capital, and subject to the SOCIMI tax regime. Today ATOM is the the 1st Real Estate Investment Trust (REIT) in the Spanish hotel investment market and largest Spanish hotel owner in the country.

Atom Hoteles SOCIMI is managed by GMA, and currently owns 27 hotels , with 6.588 rooms, that represent a portfolio value of more than 900m€. It focus on the acquisition, management and development of real estate assets for lease in the hotel industry.

ATOM HOTELES SOCIMI S.A. began trading on the Alternative Stock Market (MAB) on November 27, 2018.


VICTORIA HOTELS & RESORTS is a company founded in 2021 by Bankinter Investment, Meliá Hotels International and GMA Capital. Through its subsidiary GMA Corporate, Victoria acts as manager of the vehicle.

The company comprises 8 assets in prime location, totalling 1,789 rooms and suites and an asset value that will reach 400 million euros once investments and repositioning projects have been undertaken.

The portfolio is comprised of resorts and urban hotels in consolidated first-class destinations and operated entirely by Meliá Hotels International under management contracts.

The entire portfolio is being refurbished in a sustainable manner, including investments aimed at eliminating carbon footprint, as well as improving energy efficiency.

Other investment vehicles


A real estate investment vehicle focused on mixed-use developments in Andorra.


We have a solid track record in club deal operations with family offices and investors. At GMA we are continuously searching and evaluating new opportunities to move forward with these transactions.


Based in the Canary Islands, Orion Rental SOCIMI focuses on promoting subsidized housing for affordable rental. Currently, the fund has a project consisting of 294 homes and other real estate operations in progress

GMA Corporate

Paseo del Club Deportivo 1, Edificio 11 (Parque Empresarial La Finca) 28223 Pozuelo de Alarcón Madrid (ES)