The board of directors of the hotel company Atom has ratified in its last meeting the contract with GMA and the extension of the management of the hotel Socimi for three more years to “continue generating value for shareholders, as foreseen in the plan” of the institution promoted by Bankinter Investment and GMA in January 2018. Atom consists of 26 establishments, totaling 6,282 rooms, with an estimated asset value of more than €950 million.
In the last year, the company sold the EXE Coruña hotel to a private Spanish investor for €17.2 million and the Labranda Costa Mogán hotel to H10 Hotels for €31.7 million, while continuing to reposition its portfolio.
Atom approved at the meeting the distribution of a dividend of 17 million euros, equivalent to 0.53 euros per share, charged to the results of 2023. In the informative document for Atom’s incorporation to the market, it was stated that “the business manager (GMA) must prepare and submit to the Socimi manager (Bankinter), for approval by the board of directors, a strategy to enhance the value of the company’s asset portfolio, aimed at maximizing shareholder value, which may involve divesting the portfolio and returning value to shareholders within seven years from the date of the capital increase or, conversely, retaining and actively managing all or part of the portfolio beyond that date.” At its last meeting, Atom’s Board of Directors decided to extend the management of GMA for a further three years.
