Room00 is a lifestyle urban hospitality platform founded in 2012 that combines design, local expertise and technology to operate flexible brands for urban travelers. It runs a portfolio of brands — Room00 Hostels, Toc Hostels, room Select Hotels and LETOH LETOH — across more than 2,500 rooms and 50 assets in operation or under development. The company currently operates in Spain and Portugal and is expanding throughout Europe, with specific plans for Italy and entry into London. Room00 intends to grow to 200 assets and 15,000 rooms in the next four years across Southern Europe, plus another 20 assets and 1,000 rooms in London, targeting its first London asset by the end of 2025. Its operating model combines leases and hotel management agreements, and the company now has the capacity to acquire properties directly. Room00 will use capital to acquire and refurbish hotels in prime micro-locations including Madrid, Barcelona, Lisbon, Porto, Milan, Rome and Florence.

Total raised

$470M

Funding rounds

1

Latest round

Equity

Latest activity

May 2025