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Spain’s Atom Hoteles to Open Three Hotels in Portugal 

12 February 2020 – The Spanish real estate socimi Atom Hoteles will begin investing in Portugal this year, potentially opening three new hotels. The firm is looking to diversify its portfolio to investments outside of Spain, its primary focus.

At the same time, Atom is also looking to increase its exposure to urban hotels. The fund’s portfolio currently has 64% of its assets invested in leisure tourism, compared to just 36% in urban areas.

At the moment, Atom’s asset portfolio is valued at 500 million euros, including 28 assets, with a total of 6,545 rooms. Atom’s main shareholders include Bankinter (7%), the real estate investment company GMA (4%). The remainder of the firm’s shares is in the hands of Bankinter’s private banking clients.

Atom will now incorporate a SIGI in Portugal, the country’s answer to Spain’s socimis and American REITs.

Original Story: Jornal de Negócios

Translation/Summary: Richard D. Turner