- 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.
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.