COFIDES grants Grupo Hotusa €29.1 million to acquire two hotels in the U.S., reinforcing its expansion strategy in a competitive market.

Information on the Target

Grupo Hotusa is a prominent Spanish hotel chain, recognized as the leading hotel company in Spain and the ninth largest in Europe in terms of the number of establishments. With over 47 years of experience in the industry, Grupo Hotusa operates in more than 130 countries and has a workforce exceeding 6,000 employees. In 2024, the company reported revenues of over 1.5 billion euros. The group is structured into three main business units: hotel services under the Keytel brand, which is the largest consortium of independent hotels worldwide with over 3,800 associated hotels in 92 countries; distribution through Restel, which markets over 125,000 establishments globally; and hotel operations via Eurostars Hotel Company, which manages a portfolio of 287 units across 23 countries.

Industry Overview in the Target’s Specific Country

The U.S. hotel industry is a vibrant segment of the economy, marked by a steady recovery following the challenges posed by the COVID-19 pandemic. Major cities like Washington D.C. and Boston continue to thrive as key business and tourist destinations, drawing a substantial number of both domestic and international travelers. The overall growth in travel demand has facilitated increased occupancy rates and evolving services within hotels, prompting companies to enhance their offerings to remain competitive.

Moreover, the U.S. hospitality sector is characterized by a wide range of hotel options, from luxury to boutique accommodations, catering to diverse customer preferences.