King Street to Invest €400 Million in Hospitality Group Room00

King Street Capital Management is investing as much as €400 million ($444 million) of fresh equity in Room00 Group to fuel the hospitality platform’s expansion across Europe.

The funding from King Street will primarily be used to acquire hotel properties in cities including Madrid, Barcelona, Lisbon, Porto, Milan, Rome and Florence, according to a statement reviewed by Bloomberg News. Room00 is also looking to enter London by the end of 2025.

“We are an asset-light company, but with this new investment we now have a stronger balance sheet to pursue under-valued, under-managed, traditional, family-owned hotels,” Ignacio Requena, founder and chief ...