Room00 Group becomes the largest hostel chain in Europe after acquiring TOC Hostels for €20 million
Acquiring Company
Room00 Group
Acquired Company
TOC Hostels
MadridBarcelonaHotelHospitalityLeisureHotelTravelDescription
Madrid-based Room00 Group and Dorsa Holding Group have acquired TOC Hostels from its owners for approximately €20 million. This acquisition has solidified Room00 Group's position as the largest hostel chain in Europe with 30 assets in operations and a further 20 in the pipeline. The strategic focus is on consolidating and expanding the TOC Hostels brand throughout Spain, Portugal, and Italy, contributing to new growth opportunities and competitive advantages.
Quick answer
Room00 Group is acquiring TOC Hostels for $21.6 million, announced September 3, 2024. Room00 Group is based in Madrid, Community Of Madrid, Spain.
- How much did Room00 Group pay for TOC Hostels?
- The reported deal value is $21.6 million.
- What does Room00 Group do?
- Room00 Group started in 2012 and quickly grew to be a collection of various creative hospitality brands: Room00 Hostels Room Select LETOH LETOH We are passionate about creating surprising and special experiences for our..
- Where are Room00 Group and TOC Hostels based?
- Room00 Group is based in Madrid, Community Of Madrid, Spain. TOC Hostels is based in Barcelona, Catalonia, Spain.
Source: Fundz verified event record.
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Who to call at Room00 Group, and when
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Frequently asked
Who acquired TOC Hostels?
TOC Hostels was acquired by Room00 Group, based in Madrid. The deal was reported on September 3, 2024. Room00 Group is privately held and operates in Hotel.
When did Room00 Group acquire TOC Hostels?
Room00 Group's acquisition of TOC Hostels was reported on September 3, 2024. Madrid-based Room00 Group and Dorsa Holding Group have acquired TOC Hostels from its owners for approximately €20 million. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does TOC Hostels do?
TOC Hostels is a Spanish hostel brand with six properties located in major Spanish cities like Barcelona, Granada, Madrid, Málaga, Sevilla, and Valencia. It is known for its operational efficiencies, cost reduction, and improvement of services. It is privately held, operating in Hospitality, and is based in Barcelona.
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