Spain Hotels & Chains Report 2021

This report provides a snapshot of a fascinating moment in hospitality. Will we see the direction of the industry change forever? Spain remains attractive for both domestic and international hotel chains. This appeal is being reinforced as a consequence of the pandemic as well-established investors and chains continue to absorb independent hotel owners and chains looking for a way to extend the useful economic lives of their properties and improve the strength of their balance sheets. VIEW REPORT +

LABRANDA Suites Costa Adeje: incorporates 21 suites to the resort that is scheduled to open in September.

Meeting Point, together with GMA, is finalizing the details for the reopening of the Hotel LABRANDA Suites Costa Adeje **** (Adeje, Tenerife). Despite all the restrictions and the effects of the pandemic, the works are in their final phase and the resort opening is scheduled for next September. In addition, the LABRANDA Costa Mogán hotel ,another of the assets acquired in December 2019 from Meeting Point by ATOM Hoteles SOCIMI, was opened this spring, after a comprehensive refurbishment. Parallel to the reform of the LABRANDA Suites Costa Adeje Hotel, the purchase of 21 new units has been added this week. These will be completely renovated following the brand standards and project sustainability. These 21 additional suites are incorporated into the 384 units that ATOM Hoteles SOCIMI already acquired in the original operation, reaching a total of 405 keys. The property and the operator have set a deadline for closing this purchase once the refurbishment has been completed, so as not to generate inconvenience to the clients with new construction work. This acquisition of these 21 suites is in addition to the investment commitment of 32 million euros signed in December 2019 between Meeting Point and ATOM Hoteles SOCIMI, for the comprehensive reform of the resort. The purchase value of these new units comes to 90,000 euros approximately per key, depending on the location and views of each unit. To this, the renovation value must be added, as well as the community expenses corresponding to each of the new units so that they are integrated into the new resort. With both refurbishments, GMA completes its policy of advancing all investment plans and reform processes during the pandemic, in addition to prioritizing execution with local companies and collaborators, which has contributed to job creation and reinvigorated economic activity in the destinations where the company’s assets are located. LABRANDA Suites Costa Adeje is located on Avenida Brusselas, in Costa Adeje, in the renowned “golden mile” where the best hotels of the destination are located, superior four star, five star and grand luxury hotels. For its part, ATOM Hoteles SOCIMI continues with its expansion policy in the Canary Islands, reaffirming its commitment to the value of this destination with its 365 days of good weather a year. The hotel has undergone a comprehensive change in terms of its image, product and services. Aesthetically, the project has seen a full renovation of all interior, exterior and façade spaces. The complex is set up with two separate buildings, which make up two totally independent areas, one for families and another for adults only. Each of these areas has its corresponding swimming pool areas and independent restaurants, in addition to specific uses for each type of guest, such as Fitness & Wellness, night bar amongst others in the adults-only area; or facilities such as the Kids & Teens club or virtual games in the family area. The resort now boasts a full new offer of facilities and services, with the integration of 11 bars and restaurants, such as the Sunset Champagne Lounge on the deck with sea views, two pool bars in the solarium for families and adults, the Bubbles Bar located in the central tropical garden, a lobby-bar at the reception as a waiting area for guests and welcome drinks, two specific themed restaurants such as the “Tapas Bar” and the Italian restaurant “La Cucina di Luigi”, and two night bars such as “The Sail Bar” for adults and “The Night Bar” with animation for families, and not forgetting the two main buffets for adults and families. For all these spaces, new concepts and services have been developed that add value to the offer of the different areas. Regarding the leisure offer, a new pool area with a larger solarium area, a splash park and a multi-sports court are included, thus expanding the family offer, and achieving a total of five completely renovated swimming pools throughout the complex, including a new bali hai located in the adult area as a special highlight. This last relaxation area for adults also has a gym and massage rooms focused on health and well-being. Commercially, external operators are being selected, with brands and concepts that add value and service to the management of some of these areas. For this singular project, GMA has counted on the Alfaro Manrique Atelier Interior Design studio, with extensive experience in exemplary hotel renovations such as the Double Tree by Hilton Hotel in Barcelona or the One Shot Tabakalera House Hotel in Donosti. About ATOM Hoteles ATOM is the leading hotel owning SOCIMI in Spain, an alternative investment vehicle specialized in the hospitality sector, promoted by Bankinter in January 2018 together with GMA as real estate asset manager, and which, to date, after a double capital increase, has attracted nearly 800 shareholders. The company`s strategy has been based on building a portfolio of four- and five-star urban and holiday hotels in prime destinations, managed under long-term lease contracts by first-rate national and international operators and independent hoteliers. At present, ATOM’s portfolio is made up of 28 establishments, totaling 6,626 rooms, with an asset value of over 660 million euros. About GMA Independent investor and manager of real estate investment vehicles, specialized in real estate hospitality assets and projects. In its more than 20 years of experience in the national and international market, GMA has managed and owned 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 participated in hotel projects worth more than 5 billion euros. Currently, it manages more than 1,000 million euros in assets. Its parent company is GMA Capital, founding partner of ATOM Hotels SOCIMI, together with Bankinter. About Bankinter y Bankinter Investment Bankinter is the fourth Spanish bank by stock market value, the most solid in the Spanish financial system and the third in Europe, according to recent stress tests carried out by the EBA – European…

GMA Corporate announces new deal with Meliá International and Bankinter Investment in one of Europe´s most relevant hotel transactions of 2021.

Launching this joint venture with a portfolio of 8 hotels in Spain, GMA will also act as manager of the new corporation: VICTORIA Hotels & Resorts.   The hotels included in the transaction are: Gran Meliá Victoria (5*GL, Mallorca), Meliá Tamarindos (5*, Gran Canaria), Meliá Granada (4*, Granada), Sol Beach House (4*, Menorca), Meliá Salinas (5*GL, Lanzarote), Innside Bosque (4*, Mallorca), Meliá Atlanterra (4*, Cádiz) and Innside Zaragoza (4*, Zaragoza); with a grand total of 1.795 rooms.   Meliá International will continue to operate the hotels, which have a book value of € 200 million and are scheduled to complete full renovations and upscale repositioning with an investment of € 125 million. Bankinter’s Investment Banking area reinforces its position as a leading player in alternative investment in Spain, by launching a new investment vehicle for its clients with equity tickets of €10 million. The Net Asset Value of this portfolio is expected to grow substantially after the renovation and repositioning of these hotels; and effective asset management strategies to be implemented.   “It is a great honor for the team of GMA Corporate to be part of one of the most significant European hotel transactions of 2021 while we remain as asset and property managers of the 8 hotels portfolio. This transaction strengthens even more the relationship between Meliá International, Bankinter and GMA Corporate. In a post-corona world, we will work together as a team to contribute to the recovery of the hospitality industry, making it more sustainable and more resilient “, said Víctor Martí, Founder and CEO of GMA.   GMA corporate accounts an extensive experience in managing hotel portfolios, in part, thanks to ATOM SOCIMI, Spain`s leading hotel REIT with 28 assets in the country. Alongside this transaction, GMA Corporate intends to work together with different partners to pursue future hotel investments across Europe, drawing upon its hospitality experience and track record in hotel investment.   About GMA   Independent investor and manager of real estate investment vehicles, specializing 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 owned 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 taken part in hotel projects worth more than € 5,000 million. Today, it manages over € 1 billion in assets. Its parent company is GMA Capital, a founder partner of ATOM Hotels SOCIMI together with Bankinter.   About Bankinter   It is the fifth Spanish bank by size, the one that obtains the most profitability among the main entities in the market and one of the most solid in the national financial system. Bankinter Investment, the entity’s Investment Banking area, has promoted an important alternative investment platform in the last five years, after launching 15 investment vehicles, with the help of partner-managers who are experts in sectors as diverse as hotels, renewable energies, student residences, infrastructures, commercial surfaces and venture capital. Bankinter has managed to capture for these vehicles a committed capital of 3,000 million euros from Private Banking and institutional clients of the bank, becoming a top reference for alternative investment in the Spanish market. Bankinter Investment has a portfolio of assets under management of more than 5,000 million euros, including project financing.   About Meliá International   Founded in 1956 in Palma de Mallorca (Spain), Meliá Hotels International has more than 380 hotels open or in the process of opening in more than 40 countries under the brands Gran Meliá Hotels & Resorts, Paradisus by Meliá, ME by Meliá, Meliá Hotels & Resorts, INNSiDE by Meliá, Sol by Meliá and TRYP by Wyndham. The Company is a world leader in the segment of holiday hotels and its experience in this field has allowed it to consolidate itself in the growing market for urban hotels inspired by leisure. Its commitment to responsible tourism has made it recognized as the most sustainable hotel chain in Spain and Europe in 2020, according to the latest SAM Corporate Sustainability Assessment, as well as the seventh company in the world (and first in the tourism sector) in sustainable management, according to the Wall Street Journal. Meliá Hotels International is also part of the IBEX 35 and is the Spanish hotel company with the best corporate reputation (Merco Ranking).  

ATOM Hoteles SOCIMI, in partnership with Meliá Hotels International, reopens its Hotel Sol Falcó in Menorca with a new Splash Park for the whole family.

The Sol Falco hotel, owned by SOCIMI ATOM Hotels, opened its doors on May 27th after the winter break, which has been used to carry out a series of actions to increase the experience of its customers in this new season. The hotel has 450 rooms magnificently oriented towards Cala de en Bosch, on the south western coast of Menorca and just 250 meters from Son Xoriguer beach. This season, a new concept of Splash Park will join its existing 7 pools in a space designed for the enjoyment of the whole family and in which different areas will be differentiated depending on the age of its users. For the little ones, several games organized by the Katmandu Adventures team will be held in La Playa area. In the Reef and Mountain areas there are slides for the elderly (9-13 years), as well as more interactive and explosive games at the foot of the large splash of the Super Splash cube. “We have great expectations for the opening of this emblematic hotel on the Menorcan coast and we want to continue betting on the destination due to the enormous demand it has among the family segment in the different European outbound markets”, said Víctor Martí, Founder and CEO of GMA / Atom Socimi Hotels. With this project, the company’s commitment to this type of service for the whole family in its vacation assets is strengthened. Other Water Parks facilities in Hotel Fergus Club Europa and 6 swimming pools in the largest Water Park of Hotel Costa Ballena in Alegría Costa Ballena. About ATOM Hotels It is the SOCIMI with the largest portfolio of hotels in Spain, an alternative investment vehicle specialized in the hotel sector, promoted by Bankinter in January 2018 jointly with the real estate asset manager GMA, and so far, has attracted nearly 800 shareholders after the two capital increase made. Its strategy has been based on building a portfolio of four- and five-star urban and leisure hotels, in top destinations and transferred under long-term lease to first-rate national and international operators and independent hoteliers. Today, ATOM’s portfolio is made up of 28 establishments, totaling 6,626 rooms, with an asset value of more than 660 million euros. About GMA Independent investor and manager of real estate investment vehicles, specializing 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 owned and 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 took part in hotel projects worth more than 5,000 million. Today, it manages around € 1 billion in assets. Its parent company is GMA Capital, a founder partner of ATOM SOCIMI together with Bankinter. About Bankinter It is the fifth Spanish bank by size, the one that obtains the most profitability among the main entities in the market and one of the most solid in the national financial system. Bankinter Investment, the entity’s Investment Banking area, has promoted an important alternative investment platform in the last five years, after launching 15 investment vehicles, with the help of partner-managers who are experts in sectors as diverse as hotels, renewable energies, student residences, infrastructures, commercial surfaces and venture capital. Bankinter has managed to capture for these vehicles a committed capital of 3,000 million euros from Private Banking and institutional clients of the bank, becoming a top reference for alternative investment in the Spanish market. Bankinter Investment has a portfolio of assets under management of more than 5,000 million euros, including project financing.

The historic Sol Fuenteventura Jandía re-opens after a full renovation

ATOM Hoteles SOCIMI (ATOM), through GMA team, and Meliá Hotels International (MHI) have finalised the full refurbishment of the 4 star resort Hotel Sol Fuerteventura Jandía, with 294 rooms. A €15,6 million capital injection over the past year has resulted in the renovation of all accommodation units, converting each apartment into a suite concept, with living room or family room. The resort opening is planned for June 2021. The asset was purchased from MHI by Atom Hoteles, following the company’s set strategy, with Melià in charge of the management of a portfolio of 6 hotels located in Canary Islands, Balearic Islands and Spain´s mainland. The handover of the fully renovated hotel follows the strategic plan approved by the Atom Hoteles council whereby all CapEx plans and project have been moved forward in order to take advantage of the company’s hotel forced closures due to the pandemic. In addition, Atom Hoteles has made it a priority to contract local companies for the projects and regional partners, strongly aiding job creation and promoting economic activity in the areas qhere the hotels are located. Hotel Sol Fuerteventura Jandía has undergone a full remodeling, including a category upgrade from 3 to 4 stars. The 294 rooms have been updated, as have been the public areas, restaurants and leisure zones, as well as the lobby, arrival hall and façade. The resort now boasts a sleek and contemporary look. The project has followed the Sol brand standards, as well as the environmental criteria for which Melia is world renown. In the exterior, the solárium has been fully renovated as have the pools, including a heated pool for the Winter, a new pool bar, as well as a rooftop sundeck with stunning sea views and modern decor and style. The new Restaurant located in the “jameo” has maintained the resort’s iconic patio essence, that, together with the canarian organic gardens retain Cesar Manrique`s original reference. The hotel has adapted to the new handicap access norms, with the development of a network of arquitectonic passages and elevators, that add to the contemporary design and look of the complex, help ease the flow and use of these areas by the guests, without losing the original organic essence of this historic hotel.   About ATOM Hotels It is the first SOCIMI that owns hotels in Spain, an alternative investment vehicle specialized in 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 nearly 800 shareholders. Its strategy has been based on building a portfolio of four- and five-star urban and holiday hotels, in priority destinations and transferred under long-term lease to first-rate national and international operators and independent hoteliers. At present, ATOM’s portfolio is made up of 28 establishments, totaling 6,626 rooms, with an asset value of more than 660 million euros. About GMA He is an independent investor and manager of real estate investment vehicles, specialized in real estate assets and projects with a hotel underlying. In his more than 20 years of experience in the national and international market, he has managed his own investments and those of third parties, 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 operations and participated in hotel projects worth more than 5,000 million. Today, it manages around € 1 billion in assets. Its parent is GMA Capital, a promoter partner together with Bankinter of ATOM. About Bankinter It is the sixth Spanish bank by size, the one with the highest profitability among the main entities in the market and one of the most solid in the Spanish financial system. Bankinter Investment, the entity’s Investment Banking area, has promoted in the last five years an important alternative investment platform, after launching 15 investment vehicles, in the hands of partner-managers who are experts in sectors as diverse as hotels, renewable energies, student residences, infrastructures, commercial surfaces and venture capital. Bankinter has managed to attract with these vehicles a committed capital of 3,000 million euros from Private Banking and institutional clients of the bank, which has made it a benchmark for alternative investment in the Spanish market. Bankinter Investment has a portfolio of assets under management of more than 5,000 million euros, including project financing.

Atom Hoteles SOCIMI and the hotel chains already have more than 50% of their hotel portfolio open.

ATOM Hoteles SOCIMI, promoted by Bankinter and managed by GMA, announces that, since the beginning of this week, it has more than 50% of its hotel portfolio open to the public. The end of the state of alarm has led to a significant increase in reservations for the season and with this there are now 15 SOCIMI hotels open out of a total of 28. “The location of our hotels, the full refurbishments and the efforts done, together with the hotel chains, to adapt the hotels to the needs of the market and the adjustment of the operating models, will allow us to progressively open the hotels in the coming weeks. In July we will deliver the fully refurbished resort, Labranda Suite Costa Adeje, with its complete repositioning. With this we will have all out hotels operating on that date”, declared Víctor Martí Founder and CEO of GMA / Atom Hoteles SOCIMI. In the coming weeks the company expects to reach a percentage of openings that will be above 70%, with hotels in the Balearic Islands, such as Fergus Club Europa, with a recent expansion of 81 premium rooms, Alua Calas de Mallorca, which reopens with the image of a new Operator ALUA, and Sol Falcó, with a new Splash Park, enhancing the product offer for the whole family. On the other hand, in the Canary Islands, Atom Hoteles foresees the opening of hotels such as Labranda Suites Costa Adeje and Labranda Costa Mogán, which have been renovated this year with an investment of more than 32 million euros. During the last year, GMA has maintained the policy of advancing all investments and CapEx investments and processes. In addition to this, the company has had, as a priority, the execution of works with local companies and partners, helping to create employment and promote economic activity in the destination where the assets are located. . In this sense, the company has worked hand in hand with the operators collaborating on CapEx plans to comply with the highest health & safety protocols, both for guests and employees of the establishments. In the operational field, ATOM has constantly analyzed break open and break even scenarios, allowing it to make an appropriate decision regarding hotel openings. Thus, by the end of July ATOM aims to achieve the opening of all its hotel assets, except for the AC Baqueira Autograph Collection, which is scheduled to open in December 2021.   About ATOM Hotels It is the first SOCIMI that owns hotels in Spain, an alternative investment vehicle specialized in 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 nearly 800 shareholders. Its strategy has been based on building a portfolio of four- and five-star urban and holiday hotels, in priority destinations and transferred under long-term lease to first-rate national and international operators and independent hoteliers. At present, ATOM’s portfolio is made up of 28 establishments, totaling 6,626 rooms, with an asset value of more than 660 million euros. About GMA He is an independent investor and manager of real estate investment vehicles, specialized in real estate assets and projects with a hotel underlying. In his more than 20 years of experience in the national and international market, he has managed his own investments and those of third parties, 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 operations and participated in hotel projects worth more than 5,000 million. Today, it manages around € 1 billion in assets. Its parent is GMA Capital, a promoter partner together with Bankinter of ATOM. About Bankinter It is the sixth Spanish bank by size, the one with the highest profitability among the main entities in the market and one of the most solid in the Spanish financial system. Bankinter Investment, the entity’s Investment Banking area, has promoted in the last five years an important alternative investment platform, after launching 15 investment vehicles, in the hands of partner-managers who are experts in sectors as diverse as hotels, renewable energies, student residences, infrastructures, commercial surfaces and venture capital. Bankinter has managed to attract with these vehicles a committed capital of 3,000 million euros from Private Banking and institutional clients of the bank, which has made it a benchmark for alternative investment in the Spanish market. Bankinter Investment has a portfolio of assets under management of more than 5,000 million euros, including project financing.

Labranda Costa Adeje: Full Renovation

GMA together with Meeting Point have carried out the renovation of the Hotel Labranda Suites Costa Adeje **** (Adeje, Tenerife), following the investment commitment of 32 million euros signed between Meeting Point and Atom Hoteles SOCIMI. Despite all restrictions, the work is progressing at the right pace and the opening is scheduled for this summer. This asset, together with another in Gran Canaria, was acquired in December 2019 by ATOM Hoteles SOCIMI (ATOM), an investment vehicle managed by GMA and in which it is a founding partner with Bankinter. With both refurbishments, GMA maintains its policy, set during the pandemic, of moving forward all investment plans and reform processes, in addition to prioritizing execution with local companies and collaborators, helping to create employment and promote economic activity in the destination where the properties are located. “In the reform of this hotel we have more than 300 people working daily, in addition to other companies and indirect subcontractors and suppliers, which is a pride at this time, to be able to contribute to the recovery of the local economy, showcasing the important part played by investors and especially SOCIMIs ”, declared Alvaro García Liñán, Property Manager of the project. Labranda Costa Adeje, is located on Avenida Bruxelles, in Costa Adeje, “the golden mile” and a tourist reference, where the best hotels in this destination are located, 4-star superior, 5-star and 5 Grand Luxury. The hotel has undergone a comprehensive change in terms of its image, product and services. Aesthetically, the reform project has contemplated a renovation of all its interior, exterior and façade spaces. The complex is made up of different buildings, which make up two totally independent areas: for families, and for adults only. Each of these areas has its corresponding swimming pools and independent restaurants, in addition to specific uses for each type of guest, such as Health & Wellness, night bar or others for adults only; and kids club, virtual games and others in the family area. Regarding the new offer and services, the hotel has incorporated 11 dining options, such as a new Roof-top Bar on the deck with sea views, two pool bars in the solarium for families and adults, a bar located in the garden central tropical, a lobby-bar at the reception as waiting area with welcome drinks for guests, two specific themed restaurants such as the Tapas Bar and the Italian Restaurant, and two night bars such as the cocktail bar for adults and the night bar with animation for families, and not forgetting the 2 main buffets for adults and families. For all these spaces, new concepts and services have been developed that add value to the offer of the different areas. Regarding the leisure offer, it includes a new pool area with a larger solarium area, a splash pool with water games and a multisport court, thus expanding the family offer, and achieving a total of 5 completely renovated swimming pools throughout the complex, highlighting the new Bali Hai located in the adult area. This last relaxation area for adults has a gym as well as massage rooms, focusing services on rest and well-being. Commercially, external operators are being selected, with brands and concepts that add value and service to the management of some of these areas. GMA entrusted this special project to the Alfaro Manrique Atelier Interior Design studio, with extensive experience in landmark hotel renovations such as the Double Tree by Hilton Hotel in Barcelona or the One Shot Tabakalera House Hotel in Donosti. The botanical and sophisticated border between the land and the Canarian ocean. The design and concept created for the Hotel Labranda Suites Costa Adeje is a project that is committed to highlighting its tropical atmosphere, its link with the privileged enclave and the strength of the Tenerife coast. The vegetation of Tenerife is a key inspiration in the design; the green colors of the flora are blurred with the blues and aquamarine of the ocean, in contrast to the colors of the Canary land, with the island’s breathtaking interiors, with tones that go from the black and gray of its sands and rocks to earth and ocher. “We use a design linked to nature, to the Canarian landscape, to its chromatic range, to the strength and scale of the natural environment to generate a concept of boundary between land and ocean, which accompanies us in an essential way from outside the hotel , putting it in value, and enhancing its landscaping, but with two specialized worlds that are the adult hotel and the family hotel with slight nuances between them, one more linked to the ocean, another more to the interior of Tenerife ”, according to Gema Alfaro, from the Alfaro-Manrique Atelier Studio. Introducing the exterior with all its interior vegetation, and blurring the boundaries between landscape and architecture is something that is evident in the public areas and especially in the central space of the large open, tropical meeting and reception area. With the presence of the same dark Canarian basalt present on the façade, these public spaces present a geometrization of natural forms giving them a sophisticated and elegant aesthetic, using local woods, the aforementioned basalts, artisan ceramics, fibers and vegetable tapestries, all focused on achieving the evocative atmosphere. With the interior design, the extensive surface of ceilings that reinterprets vernacular interiors imbued with nature, textiles with formal resources linked to local history, handmade ceramics that give a look of authenticity throughout, all without falling into banal folk lore . The hotel has numerous meeting and restaurant environments, with their adjoining outdoor areas, all with their own personality, but continuing with that common botanical environment, with that vegetation and those colors and geometries that ceramics give us. Regarding the rooms, all of them are suites and in tune with the outdoors thanks to their terraces with vegetation, and in which the serene, relaxed and comfortable atmosphere that the wood gives together with the linen-type coatings, combines with the natural fiber lamps, and the…

ATOM Hoteles continues to identify projects for Next Generation funds

The SOCIMI, created in 2018 by Bankinter and GMA, will seek to request initiatives focused on energy efficiency, sustainability, waste management and circular economy.   FI Group will help ATOM, the first SOCIMI in the hotel sector nationwide, in the management of Next Generation projects and funds.   Madrid, April 29, 2021.– The hotel sector, among those hardest hit by the COVID-19 pandemic, is one that is most actively driving to access European funds. Now, ATOM Hoteles and FI Group have signed an alliance to identify key projects that will allow ATOM and its partners, the operators in its portfolio, to strengthen their strategies to qualify for Next Generation funds. The company, created in 2018 by Bankinter and GMA, with 28 hotel assets, totaling 6,626 rooms, will work with FI Group on initiatives related to energy efficiency, sustainability, waste management and circular economy. It is not the first collaboration between these two organizations. The leading SOCIMI in the hotel sector in Spain, managed by GMA, already receives the support in real estate taxation from this consultancy firm, leaders in advising companies on financing and management of R + D + i. The GMA Property Management team assures that this is a key agreement for the company, thus reinforcing the joint strategy of ATOM and its operators to promote the improvement of their assets in terms of energy efficiency and sustainability by obtaining European aid, key in the recovery of the sector. Until now, the main movements in this project have been carried out mainly by large hotel operators through Expressions of Interest. ATOM is the first institutional owner to directly and proactively join in these initiatives. It should be remembered that FI Group presented in January 2021 a joint Manifesto of Interest to the Ministry of Industry, Commerce and Tourism for 70 companies in the tourism industry, including the main Spanish hotel operators. This was an unprecedented milestone for the sector, requiring an estimated investment of 5.8 billion euros.   About Atom Hoteles It is the top hospitality SOCIMI (REIT) in Spain, an alternative investment vehicle specialized in the hotel sector, promoted by Bankinter in January 2018 together with the real estate asset manager GMA Corporate, and which, to date, after the two capital increases carried out, has attracted almost 800 shareholders. Its strategy is based on building a portfolio of four- and five-star urban and holiday hotels, in prime destinations and assigned under long-term lease to first-rate national and international operators and independent hoteliers. Currently, the Atom Hoteles SOCIMI portfolio is made up of 28 assets, totaling 6,626 rooms, with an asset value of more than 700 million euros. About GMA Corporate GMA is an independent investor and manager of Real Estate investment vehicles, specialized in real estate assets and projects with a hotel underlying. In compay’s more than 20 years of experience in the national and international market, GMA has managed its own and third-party investments, taking on different roles depending on the type of vehicle and project. It manages the complete investment cycle, from the opportunity identification, investment vehicle structuring, acquisition of the assets, restructuring, financing, asset and property management, refurbishment, repositioning and divestment. In recent years, it has participated in more than 400 transactions and hotel projects worth more than €5 billion. Today, GMA manages about 1 billion euros in assets. Its parent is GMA Capital promoter partner with Bankinter of ATOM Hoteles SOCIMI, S.A. About FI Group FI Group is a consulting firm specialized in advising companies on the management of R + D + i financing. It has 20 years of experience in the sector and has more than 1,200 employees internationally. The founders of the company are Frédéric Bouté and Xavier Cazabon. The company has its own offices in Madrid, Santa Coloma de Cervelló (Barcelona), Bilbao, Valencia, Palma de Mallorca, Paris, Nantes, Toulouse, Nice, La Reunion, Lille, Strasbourg, Lyon, Lisbon, Porto, Brussels, Milan, Turin, London, Chicago, Montreal, Santiago de Chile, Sao Paulo, Rio de Janeiro, Curitiba, Brasilia, Manaus, Joinville, Porto Alegre, Belo Horizonte, Bogotá and Tokyo. From a global point of view, the firm has worked for more than 13,500 companies and annually validates more than 20,000 projects. About Bankinter Bankinter is the sixth largest and most profitable Spanish bank in the sector, measured by its profitability on the capital invested. Bankinter Investment, the entity’s Investment Banking area, has launched an important alternative investment platform over the past three years, after launching multiple investment vehicles, with partners-expert managers in diverse sectors such as hotels, renewable energy, student residences, infrastructures, commercial areas and venture capital. By the end of this year, Bankinter will have managed to raise with these vehicles over 1.8 billion euros of capital from clients of Private Banks and Spanish institutions that, with the effect of leverage, will amount to an investment in assets of around 4 billion euros.