Key Takeaways
- • Bankinter Investment, through its Alternative Investment Fund Bankinter Investment Inversión Alternativa II, FIL, has launched a voluntary takeover offer for 100% of ATOM Hoteles SOCIMI, S.A., a BME Growth-listed hotel real estate company.
- • The offer values ATOM's equity at €509.8 million, or €15.79 per share, and is priced at a premium to the value of its assets as of 30 October 2026.
- • The acceptance period is expected to run from 2 November to 4 December 2026, with settlement scheduled for 18 December 2026.
- • ATOM's portfolio comprises 20 hotels, more than 5,100 rooms and assets valued at €830.9 million, with a loan-to-value ratio of 44% following a recent refinancing.
- • Bankinter Investment and GMA both intend to retain individual stakes above 5.0%, and ATOM will remain listed on BME Growth.
Summary
Bankinter Investment has launched a voluntary takeover offer for the entire share capital of ATOM Hoteles SOCIMI, S.A., a company listed on BME Growth that specialises in hotel real estate. The offer is structured through Bankinter Investment Inversión Alternativa II, FIL, with backing from other co-investors. It values ATOM's equity at €509.8 million, equivalent to €15.79 per share, and is priced at a premium to the value of the company's assets as of 30 October, after relevant adjustments. The offer is open to all ATOM shareholders, who may tender all or part of their holdings for liquidity or retain their stake.
The acceptance period is expected to begin on 2 November and run until 4 December 2026, with settlement scheduled for 18 December, subject to the conditions of the transaction. According to the announcement, Bankinter Investment and GMA, the hotel-sector management partner, have each expressed interest in individually retaining stakes above 5.0%, which the parties say will ensure management continuity and support value creation for new and remaining shareholders.
ATOM recently sold the AC Sevilla Forum hotel for €13.5 million. It has also strengthened its balance sheet through a €230 million bilateral financing agreement with one of Spain's leading banks. The seven-year facility has 80% of principal repaid at maturity and is intended to refinance and optimise the debt maturity schedule. ATOM's portfolio comprises 20 hotels with more than 5,100 rooms, valued at €830.9 million, and generated approximately €44.4 million in gross rental income in 2025. Leases combine minimum guaranteed rents indexed to CPI with variable components linked to turnover. Value creation is expected to come from rental growth, selective capex, repositioning, and the maturation of recent investments in METT Barcelona, Meliá La Palma and Meliá Valencia.
ATOM was established in 2018 by Bankinter Investment and GMA with total capital of €327.6 million. Between 2018 and 2020 it acquired 28 hotels and at one point managed up to 32 assets. It has distributed more than €246 million to shareholders, over 75% of capital invested, and has invested more than €100 million in improvements and repositioning. According to the announcement, investors who have been in the vehicle since inception and accept the offer will achieve a multiple above 2.3 times their initial investment and a net IRR after fees of close to 12%, against a 9% target return.
Bankinter Investment Inversión Alternativa II is part of the manager's strategy of diversified investments in real-economy assets. Since 2016 Bankinter Investment has launched 32 investment vehicles and manages more than €7.2 billion in assets for over 20,000 clients. The manager announced in March 2026 its integration with Plenium Partners and a stake in Access Capital Partners; once these transactions complete and receive regulatory approval, it will exceed €14 billion in committed capital. GMA is an independent real estate investment company that has participated in more than 500 transactions worth over €5 billion and manages more than €1.5 billion in assets.
The acceptance period is expected to begin on 2 November and run until 4 December 2026, with settlement scheduled for 18 December, subject to the conditions of the transaction. According to the announcement, Bankinter Investment and GMA, the hotel-sector management partner, have each expressed interest in individually retaining stakes above 5.0%, which the parties say will ensure management continuity and support value creation for new and remaining shareholders.
ATOM recently sold the AC Sevilla Forum hotel for €13.5 million. It has also strengthened its balance sheet through a €230 million bilateral financing agreement with one of Spain's leading banks. The seven-year facility has 80% of principal repaid at maturity and is intended to refinance and optimise the debt maturity schedule. ATOM's portfolio comprises 20 hotels with more than 5,100 rooms, valued at €830.9 million, and generated approximately €44.4 million in gross rental income in 2025. Leases combine minimum guaranteed rents indexed to CPI with variable components linked to turnover. Value creation is expected to come from rental growth, selective capex, repositioning, and the maturation of recent investments in METT Barcelona, Meliá La Palma and Meliá Valencia.
ATOM was established in 2018 by Bankinter Investment and GMA with total capital of €327.6 million. Between 2018 and 2020 it acquired 28 hotels and at one point managed up to 32 assets. It has distributed more than €246 million to shareholders, over 75% of capital invested, and has invested more than €100 million in improvements and repositioning. According to the announcement, investors who have been in the vehicle since inception and accept the offer will achieve a multiple above 2.3 times their initial investment and a net IRR after fees of close to 12%, against a 9% target return.
Bankinter Investment Inversión Alternativa II is part of the manager's strategy of diversified investments in real-economy assets. Since 2016 Bankinter Investment has launched 32 investment vehicles and manages more than €7.2 billion in assets for over 20,000 clients. The manager announced in March 2026 its integration with Plenium Partners and a stake in Access Capital Partners; once these transactions complete and receive regulatory approval, it will exceed €14 billion in committed capital. GMA is an independent real estate investment company that has participated in more than 500 transactions worth over €5 billion and manages more than €1.5 billion in assets.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.