Angelo Gordon and Westmont Hospitality Group Acquire Room Mate
July 21, 2022
Angelo Gordon and Westmont Hospitality Group acquired Room Mate S.A. following the completion of the company's financial restructuring and the court-approved sale of its productive unit. The buyers agreed to maintain Room Mate's workforce of over 400 employees and assume nearly €40 million in commitments with lessors, suppliers, and clients as they pursue a turnaround and growth of the hotel brand.
- Buyers
- Angelo Gordon, Westmont Hospitality Group
- Targets
- Room Mate S.A.
- Industry
- Restaurants & Hospitality
- Location
- Madrid, Spain
- Transaction Type
- Buyout
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