Atom (Bankinter & GMA) ends 2025 with a 23‑hotel portfolio valued at €885.8M (Savills). Portfolio up 3.2% YoY; like‑for‑like growth 9% despite two divestments.
Atom Hotels Socimi, the REIT promoted by Bankinter Investment and Global Mergers Acquisitions Capital (GMA), closed the 2025 financial year with a portfolio of 23 hotels valued at €885.8 million, according to an independent valuation by Savills. The figure—reported by the company to BME Growth and in a corporate release—represents a 3.21% increase vs. the €858.2 million recorded at the end of 2024. Atom says that on a like‑for‑like basis (i.e., excluding the impact of disposals) the portfolio would have appreciated by 9% over the year.
Atom highlighted the rise in value as “especially noteworthy” given that during 2025 it completed two significant divestments: the sale of the Exe Rey Don Jaime in Valencia for €50 million and the B&B Hotel Vitoria General Álava for €9.2 million. Even after these one‑off transactions, the REIT maintained positive valuation momentum, a result Atom credits to robust tourism demand in Spain and strong operational performance across its assets.
The portfolio comprises 23 four‑ and five‑star hotels totaling 5,572 rooms, making Atom one of the largest listed hotel investment vehicles in the Spanish market. Of those properties, 19 are four‑star and 4 are five‑star; 12 are urban hotels and 11 are holiday destinations. Geographically the assets are spread across the Canary and Balearic Islands, Andalusia, Catalonia, Madrid and Valencia, with one property located in Brussels.
Operational partners include major hotel chains: Meliá operates six of the properties, Marriott three, Fergus two, while other operators such as Hotusa and B&B run individual hotels. Atom credited GMA’s active portfolio management with creating a diversified and resilient mix of urban and resort assets designed for sustainable growth.
In its third‑quarter 2025 activity report Atom reported it is meeting adjusted 2025 targets—recalibrated after the divestments—and described overall performance during the year as “good.” The company continues to pursue a strategy of selective asset rotation, combining targeted sales with the consolidation of a high‑quality, operator‑led portfolio in strategic urban and holiday locations.
Market takeaway: Atom’s results underscore continued strength in Spanish tourism and hotel operations. The combination of valuation growth, selective disposals and partnerships with top operators positions the REIT to pursue further value creation in 2026 while maintaining portfolio quality and geographic diversification.
