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The Socimi Atom Allocates €80 Million to Repositioning its Hotels

Atom has allocated €80 million to the renovation and repositioning of the properties in its portfolio, with the aim of being able to reopen the hotels over the next few months.

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One of Atom’s hotels, located in Mallorca.

Atom has allocated €80 million to the renovation and repositioning of the properties in its portfolio, with the aim of being able to reopen the hotels over the next few months.

The assets in which it is going to invest are located in Mallorca, Tenerife, Valencia, Cádiz, Sevilla, A Coruña, Fuerteventura and La Palma (Canary Islands), and Brussels. The Socimi has a portfolio of 28 assets comprising 6,545 rooms with a combined value of more than €700 million. All of its assets are four or five stars properties and they are located in large cities and vacation destinations.

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