Room Mate Inns has made a big transfer into Switzerland, marking the opening of its first Swiss lodge in Geneva. This enlargement aligns with the model’s broader technique to develop within the luxurious hospitality market and set up its presence in Europe’s high-end metropolis locations.
A brand new chapter for Room Mate in Switzerland
Room Mate Inns has expanded its footprint with the acquisition of the 104-room Resort Marmont in Geneva. The property is strategically situated close to Rue du Rhône, and only a brief stroll from Lake Geneva. Scheduled for an entire refurbishment, the lodge will reopen beneath the Room Mate model in early 2026.
“This can be a nice milestone for Room Mate. We’re very pleased with the arrival in Switzerland, one of many world’s prime vacationer locations and a gorgeous nation.” – Kike Sarasola, Founder and President of Room Mate Inns
Strategic enlargement technique throughout Europe
The Geneva property marks Room Mate’s entry into Switzerland, becoming a member of a rising listing of key places. The corporate can also be increasing in Spain, with twelve new accommodations in Valencia, whereas persevering with its improvement in different main cities like Madrid, Barcelona, and London.
Along with the brand new property in Geneva, Room Mate is making ready to open different accommodations in Rome, Paris, and Sicily. This enlargement technique is backed by strong monetary efficiency. In 2024, Room Mate reported revenues of €128.5 million, a 23% improve from the earlier 12 months, with projections for €150 million in 2025.
Funding and refurbishments drive Room Mate’s progress
The corporate’s progress is supported by vital capital funding following a change in possession in 2022. New shareholders have bolstered Room Mate’s monetary basis, enabling the model to finish refurbishments at properties like Room Mate Aitana in Amsterdam and Room Mate Luca and Isabella in Florence.
“The help from our new shareholders has been essential in driving our progress. With strategic acquisitions and renovations, we’re increasing our portfolio to supply high-quality, design-forward accommodations in Europe’s most fascinating cities.” – Kike Sarasola, Founder and President of Room Mate Inns
Room Mate’s efficiency has been robust in its current markets, with Italy and Spain main the way in which in occupancy and revenues.
In 2024, Room Mate welcomed over 1.22 million company, with a median occupancy fee surpassing 86%. The model continues to develop its presence in Europe, specializing in high-demand city locations and strategic markets. Kike Sarasola additionally expressed the model’s ambition to additional broaden in strategic European cities like Lisbon and Paris, in addition to exploring new markets corresponding to Germany.
The model’s portfolio, now with 33 accommodations throughout 15 cities in Europe, attracts a variety of vacationers, together with digital nomads, enterprise vacationers, and concrete explorers. The opening of the Geneva lodge will solidify Room Mate’s function as a rising power within the European hospitality sector.
