Kryalos Sgr invests 35 million and acquires two hotels in Rome

Kryalos Sgr is expanding its presence in the hospitality sector. The asset management company, led by Paola Bottelli, has invested 35 million to acquire two hotels in central Rome on behalf of the Kryalos Room00 Fund. The two properties will be managed by the Room00 Group, a Spanish operator active in Southern Europe with innovative hospitality concepts, which currently manages a portfolio of four different brands, ranging from premium hostels to boutique hotels. In conjunction with the purchase of the properties, Kryalos has secured a loan for the Fund totalling 27.5 million euros, granted by UniCredit. “These investments represent a further step in consolidating our presence in the hospitality sector in Italy’s major cities, where we select assets with distinctive characteristics and strong potential for value creation,” explained Bottelli. “The partnership with an international operator of proven experience such as Room00 enables us to further enhance the value of the fund’s portfolio.”

The first of the two properties is situated at 85 Via Giovanni Amendola, in a strategic location between Via Nazionale and just a short walk from Roma Termini station, It is a hotel of approximately 2,000 square metres with 50 rooms, built in the 1970s and fully refurbished in 2021, situated in an area with a strong focus on hospitality and well served by major urban and national transport links. The second property, at 4–6 Largo Toniolo, near Piazza di Spagna, is a property complex of approximately 2,800 square metres spread over seven above-ground floors and a basement level, which will undergo a comprehensive refurbishment to be converted into a 45-room hotel. The property on Via Amendola will operate under the Room Urban Hostel brand, the group’s main hostel brand, whilst the property on Largo Toniolo will be transformed into a boutique hotel under the Letoh brand.

The Spanish group’s aim is now to increase the number of properties it manages in the capital to 12 over the next two years. A “strategic market for Room00 that represents the cornerstone of its growth in Italia”, explained Ignacio Requena, CEO of Room00 Group. Back in March, Room00 Next Gen Hospitality – the group’s parent company – had finalised the acquisition of 100 per cent of the company that manages the Mecenate Palace Hotel, a four-star, 62-room hotel in the heart of Rome’s historic centre, for a total investment of around 12 million. For 2026, the company has already announced an investment plan of between 330 and 420 million, covering Spain, Portugal, Italia and the United Kingdom. The strategy involves opening 20 new hotels and adding 1,421 rooms in some of the continent’s most dynamic urban destinations, whilst also marking the launch of the group’s operations in London. In Italia, meanwhile, with investments ranging from 120 to 140 million, the Spanish company has projects planned in Rome, Florence and Milan, comprising four properties offering around 334 additional rooms.