Kryalos SGR Acquires Two Rome Hotels With €27.5M UniCredit Financing, Taps Room00 Group as Operator

Kryalos SGR, a private and independent real estate asset manager with €14.2 billion in assets under management, has finalized the acquisition of two hotel properties in Rome through its Kryalos Room00 Fund, the firm announced July 15. UniCredit provided a €27.5 million loan facility to support the transactions, and Spanish hospitality operator Room00 Group has been appointed to manage both assets.

Two Properties, Two Distinct Rome Submarkets

The first asset, located at Via Giovanni Amendola 85 near Roma Termini station, is an existing hotel spanning approximately 2,000 square meters with 50 rooms across various configurations. Originally built in the 1970s, the property underwent a renovation completed in 2021. The building sits between Via Nazionale and the Roma Termini rail hub, an area the firm described as having high pedestrian traffic and strong connectivity to public transportation networks.

The second property, at Largo Toniolo 4–6 near the Piazza di Spagna metro stop in Rome's historic centre, is a roughly 2,800-square-meter complex spanning seven above-ground floors and one basement level. Unlike the Termini asset, this building will undergo a complete refurbishment to convert it into a hotel with 45 rooms. Kryalos described the property as well connected to the city's main infrastructure and transit nodes.

Room00 Group to Operate Both Assets Under Separate Brands

Room00 Group, a Spanish hospitality operator with a portfolio of four brands spanning premium hostels and boutique hotels, will manage both Rome properties. The Via Giovanni Amendola asset will operate under the Room Urban Hostel brand, the group's primary hostel concept. The Largo Toniolo property, once converted, will open as a Letoh boutique hotel.

"Rome is a strategic market for Room00 Group and represents the hub of our growth in Italy," said Ignacio Requena, CEO of Room00 Group. "With these two properties we reach four assets in the city, combining two of our brands to address different types of demand. Our goal is to manage 12 properties in Rome in the next 24 months." Requena added that the partnership with Kryalos SGR, backed by UniCredit financing, "confirms that our business model meets the needs of the institutional real estate market."

Room00 Group describes itself as one of the fastest-growing hospitality operators in Southern Europe, with approximately 80 assets across operating, under-construction, and pipeline properties. Its brand portfolio includes Room Urban Hostel and TOC Classy Hostels in the premium hostel segment, and Select Natural Hotels and Letoh in the boutique hotel segment.

UniCredit Provides €27.5M Facility at Fund Level

Kryalos SGR finalized the €27.5 million UniCredit loan facility concurrently with the closing of the Largo Toniolo acquisition. The financing was structured at the level of the Kryalos Room00 Fund. The source materials do not disclose the purchase prices of either property, lending terms, or cap rates.

"These investments represent a further step in consolidating our presence in the hospitality segment in Italy's major cities, where we select assets with distinctive characteristics and strong value-enhancement potential," said Paolo Bottelli, CEO of Kryalos SGR. "Collaboration with an international operator of proven experience like Room00 allows us to further enhance the fund's portfolio, focusing on quality, operational efficiency, and the ability to capture evolving tourist demand. The financing completed with UniCredit also confirms Kryalos SGR's ability to structure complex transactions and create value through active investment management."

Kryalos SGR Background

Kryalos SGR manages €14.2 billion in real estate assets and employs a team of 130 professionals. The Bank of Italy classifies the firm as "significant by size" under its regulatory framework. The Kryalos Room00 Fund is a dedicated vehicle tied to the firm's partnership with Room00 Group. Together, the two Rome acquisitions bring Room00 Group's Rome portfolio to four assets, as the operator pursues its stated target of 12 Rome properties within 24 months.

Sources

Kryalos SGR – Official Announcement (July 15, 2026)