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.
Location
Madrid, Spain
Transaction Type
Buyout

Explore More

Related Acquisitions

Track M&A activity that matters to you

Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.