Transaction, Italy | Kryalos SGR completes double hotel acquisition in Rome for Room00 Group
Kryalos SGR, an independent asset management company with €14.2 billion under management, has completed the acquisition of two hotel assets in Rome, near Termini station and Piazza di Spagna, on behalf of the Kryalos Room00 Fund. Both properties will be operated by Spanish operator Room00 Group, which thereby grows its Rome footprint to four addresses, backed by €27.5 million in financing from UniCredit.
Kryalos SGR, an independent private asset management company with €14.2 billion in assets under management, announces it has completed, on behalf of the Kryalos Room00 Fund, the acquisition of two hotel assets in the Italian capital: a building located at via Giovanni Amendola 85, in the immediate vicinity of Roma Termini station, and a property complex in central Rome, at largo Toniolo 4-6, near the Piazza di Spagna metro station, which will be converted into a hotel.
The via Giovanni Amendola asset spans approximately 2,000 square metres. Built in the 1970s and renovated in 2021, the hotel-designated building has 50 rooms of various types, averaging around 18 square metres, in a strategic position between via Nazionale and Termini station, within a high-footfall urban context of significant heritage value.
The via Toniolo complex, spanning approximately 2,800 square metres across seven floors and a basement, will undergo a full renovation converting it into a 45-room hotel. Management of both properties will be entrusted to Room00 Group, a next-gen Spanish hotel group operating a portfolio of four brands spanning premium hostels — Room Urban Hostel and TOC Classy Hostels — and boutique hotels — Select Natural Hotels and Letoh. The group currently operates 80 properties, either trading, under construction or in development, and ranks among Southern Europe’s fastest-growing hotel operators. The via Amendola building will operate under the Room Urban Hostel brand, the group’s flagship hostel banner, while the largo Toniolo property will be converted into a boutique hotel under the Letoh brand.
Advertisement
“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 meet different types of demand, and are targeting 12 operating assets in Rome within the next 24 months,” said Ignacio Requena, CEO of Room00 Group. He noted that the partnership with an institution such as Kryalos, backed by financing from UniCredit, confirms the fit between the group’s next-gen hotel model and the requirements of professional real estate capital.
Alongside the acquisition of the via Toniolo building, Kryalos SGR has completed financing for the Kryalos Room00 Fund through a €27.5 million facility granted by UniCredit.
Paolo Bottelli @ credit linkedIn
“These investments represent a further step in consolidating our presence in the hospitality sector across Italy’s leading cities, where we select assets with distinctive characteristics and strong value-creation potential,” said Paolo Bottelli, CEO of Kryalos SGR. He noted that the partnership with a proven international operator such as Room00 further enhances the fund’s portfolio value, drawing on quality, operational efficiency and the ability to capture evolving tourism demand, while highlighting Kryalos SGR’s expertise in structuring complex transactions.
With €14.2 billion in assets under management and a team of 130 professionals, Kryalos SGR is one of the most active players in the Italian real estate market, recognised among significant-sized SGRs (asset/portfolio management companies) under the Bank of Italy’s regulatory definition. The company offers transaction management, real estate and credit fund management, development and advisory services, in partnership with leading Italian and international players.
🔎 Today's trend: From asset repositioning and the development of new hotel brands to transactions and leadership changes, the international hospitality industry continues to evolve. Planned openings in Lisbon, Mexico City and Dubai, alongside new investments in Morocco, illustrate the sector's momentum. In France, the death of a senior Barrière Group executive has also made headlines.
Tripadvisor is facing a fresh period of turbulence. On Thursday, 5 November 2026, the US online travel group announced the forthcoming departures of CEO Matt Goldberg and CFO Michael Noonan, alongside approximately 425 job cuts. The announcement triggered a 23% fall in its share price, as its traditional hotel search business faces mounting pressure from Google and artificial intelligence tools.
Arnaud Loret, General Manager of Resort Barrière Lille since October 2024, died in Lille on Saturday 31 October after an accidental fall. He spent more than thirty years in the casino industry, with Barrière and then JOA, and was leading preparations for the new public service delegation (DSP) contract between the casino and the City of Lille. The contract is due to take effect in 2027.
On 6 November 2026, HBX Group International plc announced the appointment of Carlos Muñoz as Chief Executive Officer, effective 1 December 2026. A co-founder of the B2B travel technology group, he succeeds Nicolas Huss, who retired on 30 September. He takes the helm as artificial intelligence opens up new prospects across the entire travel industry.
