THE LEADING SOCIMI IN SPAIN ACQUIRES THE SENATOR BARCELONA HOTEL
Atom Hoteles SOCIMI acquires the 4-star, 213-room Hotel Senator Barcelona, located in les Corts, next to the Camp Nou and the University of Barcelona. It is a property of more than 20,000 square meters. The operation is the first “post covid” of Atom Hoteles SOCIMI.
Barcelona has not ceased to be an investment objective, despite the difficult situation in which the destination finds itself and will continue to be so as long as conditions are met, especially for institutional investors such as Atom Hoteles SOCIMI. The buyer is the first institutional investor of hotels in Spain since 2018, the year of incorporation of the company led by Bankinter and GMA.
This is a great operation, which is the first investment in Barcelona, a city where I have developed a considerable part of my professional career and in which we hope to contribute to the return to the top of the international rankings, as one of the best destinations in the world”. Victor Marti Gilabert has stated.
The operation reinforces the positive data of the sector with respect to Barcelona that already closed 2021 with a record real estate investment of more than 3,600 million euros. The GMA team continues to analyse more operations in the city and other prime locations both
nationally and internationally, to the extent that Barcelona remains a consolidated international destination. The Mobile World Congress Barcelona marked a turning point and the return to normality. The hotels of the city face the spring with an intense activity, with about 40 events registered for the coming months of at least a thousand attendees, which marks the path of recovery.
The company is working on the plan to reform and replace the asset, as usual in the vehicles managed by GMA, where practically all the assets are renovated and, in a position, to compete. “With this operation, we optimize our resources, continue to generate value for Atom shareholders and implement our investment strategy to expand our portfolio of quality hotels, managed by accredited operators,” says Víctor Martí, founder and CEO of ATOM Hoteles SOCIMI.
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 Corporate, and which, to date, after the two capital increases carried out, has attracted more than 800 shareholders. Its strategy is based on building a portfolio of four- and five-star urban and holiday hotels. Located in priority destinations, Atom hotels are leased on a long-term basis to top- tier national and international operators and independent hoteliers. Currently, the portfolio of Atom Socimi Hotels has 28 assets totalling 6,626 rooms with an asset value of more than 680 million euros.
About GMA Corporate
GMA is an independent investor and manager of Real Estate vehicles, specialized in real estate assets and projects with hotel underlying. In his more than 20 years of experience in the national and international market, he has managed his own and third-party investments, 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 hotel transactions and projects and has advised hotel operations worth more than 5,000 million.
Today, GMA Corporate manages more than €1 billion in assets. Its parent company is GMA Capital, promoter partner together with Bankinter of Atom Hoteles SOCIMI, S.A. and Victoria Hotels & Resorts together with Bankinter.
Bankinter is the fourth Spanish bank by value on the stock market and the most solid in the Spanish financial system. Bankinter Investment, the Investment Banking area of the entity, has promoted an important alternative investment platform that has become a benchmark in the Spanish market. In the last five years it has successfully launched, with the help of expert managers in various sectors, 16 alternative investment vehicles with a committed capital of 3,200 million euros. Bankinter Investment has a portfolio of assets that represent a committed investment of about 6,000 million euros, including the financing of projects. For the management of the assets, it has followed in all vehicles the model of partnering with an expert company in each investment segment of each fund or Socimi, such as renewable energies, the hotel sector, the inmologistic sector, student residences, infrastructures, commercial surfaces, private equity and venture capital.