Spanish Youth Hostel Group Eyes London Real Estate Deals

Room00, a Spanish youth hostel operator backed by King Street Capital Management, plans to buy properties in central London as it pushes into the UK market for the first time.

Madrid-based Room00 Next Gen Hospitality aims to invest €50 million ($57.5 million) to €80 million acquiring five sites in Bloomsbury, Paddington, St Paul’s and Victoria, the company said in a Tuesday statement. The purchases would form part of a broader expansion plan that includes investing €350 million to €420 million in 2026 across Spain, Portugal, Italy and London.