Tressis has announced the launch of Iberian Hospitality Capital I, FCR, a new investment fund focused on the acquisition and repositioning of urban hospitality assets across the Iberian Peninsula.
The fund will target mid-sized urban hotels —properties with 25 to 60 rooms and hostels with more than 150 beds— covering their acquisition, refurbishment, and subsequent operation. Asset management and value creation will be led by Room00 Group, a leading operator in this segment. The properties will be located in prime destinations including Barcelona, Madrid, Valencia, Lisbon, Porto, and Málaga.
The strategy aims to capitalize on the strong fundamentals of the Iberian tourism market. Spain recorded 96.8 million tourists in 2025, reaching an all-time high (+3% vs. 2024), while Portugal welcomed 32.5 million visitors (+3% year-on-year), reinforcing the structural strength of both markets.
With a target size of €12 million, the fund will follow a co-investment strategy alongside Room00 and international investor groups, building a portfolio of 8 to 12 assets. Iberian Hospitality Capital I, FCR is targeting an internal rate of return (IRR) of 15–17% over a five-year horizon, driven by revenue growth, operational optimization, and asset appreciation.
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The vehicle, which exceeded its initial €100 million target, was fun...
