Kryalos SGR, a private and independent asset management company with €14.2 billion in Assets under Management, announces that it has completed, on behalf of the Kryalos Room00 Fund, the acquisition of a hotel property located in Rome at Via Giovanni Amendola, 85 in the immediate proximity of Roma Termini station and a property complex in the centre of Rome, at 4–6 Largo Toniolo, near the Piazza di Spagna underground station, which is to be converted into a hotel.

The asset located in Via Giovanni Amendola covers a total area of approximately 2000 square metres; built in the 1970s and renovated in 2021, the property is currently used as a hotel and features 50 rooms of various types, with an average size of around 18 square metres.

The property is situated in a strategic location, between Via Nazionale – one of the city’s main arterial roads – and Roma Termini railway station, within an urban setting with high footfall and significant historical value. The area is characterised by a strong hospitality focus and excellent accessibility thanks to its proximity to key local and national public transport hubs.

The property complex on Via Toniolo, which covers an area of approximately 2,800 square metres, extends over seven floors above ground plus a basement level and is set to undergo a complete refurbishment that will transform the building into a 45-room hotel. The property is well connected to the city’s main infrastructure and transport hubs.

The management of the properties will be entrusted to Room00 Group, a Spanish next-gen hospitality group operating a portfolio of four brands across premium hostels and boutique hotels. The Via Amendola asset will operate under Room Urban Hostel, the group’s biggest hostel brand, while the Largo Toniolo property will become a boutique hotel under Letoh.

“Rome is a strategic market for Room00 Group and the spearhead of our growth in Italy. With these two properties we reach four assets in the city, combining two of our brands to serve different types of demand, and we aim to operate 12 assets in Rome over the next 24 months” said Ignacio Requena, CEO of Room00 Group. “Partnering with an institution like Kryalos, backed by UniCredit’s financing, confirms that our next-gen hospitality model fits the requirements of professional real estate capital.

Concurrently with the acquisition of the Via Toniolo property, Kryalos SGR completed the financing of the Kryalos Room00 Fund through a €27.5 million facility granted by UniCredit.

“These investments represent a further step in consolidating our presence in the hospitality sector across major Italian cities, where we select assets with distinctive characteristics and strong potential for value growth”, said Paolo Bottelli, CEO of Kryalos SGR. “Our partnership with an international operator with proven experience such as Room00 enables us to further enhance the fund’s portfolio, focusing on quality, operational efficiency and the ability to capitalise on evolving tourist demand. Moreover, the successful financing with UniCredit further highlights Kryalos SGR’s expertise in structuring complex transactions and delivering value through proactive asset and investment management.”

Kryalos SGR, with €14,2 billion of properties under management and a team of 130 professionals, is one of the most active players in the Italian real estate market. Recognised among the “significant in terms of size” SGR according to the definition contained in the Bank of Italy Regulation The company offers transaction management, real estate and credit fund management, development and advisory services and is partner of Italian and international leaders. Further information on www.kryalossgr.com www.kryalossgr.com

Room00 Group is a Spanish next-gen hospitality group with a four-brand portfolio spanning premium hostels — Room Urban Hostel and TOC Classy Hostels — and boutique hotels — Select Natural Hotels and Letoh. The group currently operates 80 establishments across assets in operation, under construction and in the pipeline, and is one of Southern Europe’s fastest-growing hospitality operators.