Room00 Group

About Room00 Group

Room007 Hostels & Hotels, operating as Room00 Group, is a Spanish hospitality platform focused on the management of urban hostels and boutique hotels. Founded in 2012 by CEO Ignacio Requena, the company originated from his master's degree final project. The firm primarily operates through contracts for rental and management, positioning itself as a key player in the hybrid accommodation sector in the Iberian Peninsula and Europe.

The company's business model targets modern travelers by offering affordable accommodation in prime urban locations without sacrificing style or comfort. Its revenue is generated through the operation of its various properties. The group has demonstrated a robust growth trajectory, fueled by strategic acquisitions and significant investment rounds. In July 2021, it secured €6 million from Global Realty Capital (GRC), a real estate investment vehicle backed by Rocket Internet. This was followed by a major €400 million investment from King Street Capital Management in May 2025, aimed at accelerating European expansion through direct asset acquisition, a shift from its previous lease-focused model.

Room00 Group operates a multi-brand portfolio to cater to diverse client segments. The brands include: Room007 Hostels, targeting young, price-conscious travelers; Room007 Select, a line of boutique hotels for families and those seeking higher comfort standards; Letoh Letoh, a concept focused on customer experience and activities; and TOC Hostels, which was acquired in August 2024 for €20 million. This acquisition, along with others like Bluesock in 2022, has been central to its strategy of consolidating the hostel market. As of May 2025, the company operates over 2,500 rooms with 50 assets either operational or in development across Spain, Portugal, and Italy, with ambitious plans to reach 220 properties in Southern Europe and London.