Room Mate expects to reach a turnover of 130M euros by 2020

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

Enrique Sarasola's hotel chain, Room Mate Hotels, has reached a turnover of 107.6 million euros in 2019, 23% more than in the previous year.

Room Mate Hotels has exceeded 100 million euros in sales for the first time, reaching a turnover of 107.6 million in 2019, 23% more than 2018. The company expects to grow at the same rate this year, and reach a figure of business of 130 million euros.

In the next three years, the hotel chain plans to open ten new establishments and will manage 2,600 rooms. In addition, Room Mate looks to expand into Portugal with the opening of establishments in Lisbon and Porto, according to Expansión.

Room Mate signed an alliance with HIP, the Blackstone hotel platform, which plans to open a hotel in Palma de Mallorca. 75% of company hotels are located outside of Spain. The company also has an apartment business that in 2019 billed 5.8 million euros in 2019, 35% more.

The company opened seven tourist buildings during the past year: three in Madrid, one in Barcelona, ​​one in Milan and two in Mexico City.

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.