IT IS THE FIRST INVESTMENT OF THE SOCIMI IN BARCELONA AND THE FIRST OPERATION WITH ILUNION HOTELES
Last March, the SOCIMI acquired the 4-star hotel with 213 rooms, located in les Corts, next to the Camp Nou and the University of Barcelona at the end of March. The operation is the first “post covid” operation for Atom Hotels SOCIMI.
The company is working on the asset refurbishment and replacement project together with Ilunion, as is customary in vehicles managed by GMA, where practically all the assets are refurbished, in conditions to compete and in the process of being repositioned. Work is underway on a rebranding plan to comply with accessibility standards and other points closely related to corporate social responsibility, such as environmental sustainability, energy efficiency and water optimization, and the structures for carrying out supply policies and recycling, or the preparation of food under sustainable criteria, among others. Let us remember that all the CSR criteria are the hallmark and standard of the hotel chain, proof of this is that Ilunion at an aggregate level obtains a rating of 2.5 Ecostars (sustainability seal that analyzes environmental sustainability criteria) in, a figure higher than the national average, which is around the two Ecostars.
“I am especially excited about this first investment in Barcelona and incorporating Ilunion as an operator into our hotel portfolio, in addition to the synergies in ESG and Corporate Social Responsibility with our ecosystem; Also noteworthy are the facilities that the outgoing operator, Senator, has given us. With this operation we hope to contribute to the return of this market, to the top of the rankings, as one of the best destinations in the world”, declared Víctor Martí, founder and CEO of GMA.
The operation reinforces the positive data of the sector regarding Barcelona, which already closed 2021 with a record real estate investment. Barcelona continues to be a consolidated international destination and in this year 2022 its level of post-COVID recovery is accelerating, with the return of the international market, among others the American and Arab markets.
The GMA team continues to analyze operations in the city and other prime locations both nationally and internationally.
The SOCIMI closed the 2021 financial year with revenues of 36.4 million euros, and also achieved a consolidated net result of 12 million euros.
“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 Hotels SOCIMI.
About ATOM Hoteles
It is the first SOCIMI that owns hotels in Spain, an alternative investment vehicle focused on 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 almost 800 shareholders.
Its strategy has been based on creating a portfolio of four and five-star urban and holiday hotels, in priority destinations and assigned under a long-term lease to top-tier national and international operators and independent hoteliers.
ATOM’s portfolio currently consists of 29 establishments, with a total of 6,839 rooms, with a value of assets under management of more than 700 million euros.
Independent investor and manager of real estate investment vehicles, specialized in real estate assets and projects with a hotel underlying. In its more than 20 years of experience in the national and international market, GMA has managed and participated in 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 transactions and hotel projects worth more than 5,000 million euros. Currently, it manages more than 1,100 million euros in assets.
Its parent company is GMA Capital, founding partner of ATOM Hoteles SOCIMI 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 entity’s Investment Banking area, 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 16 alternative investment vehicles with committed capital of 3,200 million euros, hand in hand with expert managers in various sectors. Bankinter Investment has a portfolio of assets that represent a committed investment of nearly 6,000 million euros, including project financing. For the management of the assets, it has followed the model of associating with an expert company in each investment segment of each fund or SOCIMI, such as renewable energies, the hotel sector, the logistics real estate sector, student residences, infrastructures, commercial areas, private equity and venture capital.