One Shot Hotels, the third-largest independent urban hotel chain in the Lifestyle niche in Spain, has invited investor Nazca Capital, a company focused on investing in small and medium-sized Spanish unlisted companies. Luis Felipe Mendieta, CEO and founding partner with the Solís Family, will rely on Nazca’s experience in organic and inorganic growth projects to take advantage of the important opportunities in the tourism sector and urban hotels in Spain.
Headquartered in Madrid and having a presence in the main Spanish cities, One Shot Hotels is the third-largest independent urban hotel chain in Spain, with sales of 17 million euros in 2019. One Shot currently has 11 hotels in emblematic buildings located in prime areas (4 Madrid, 3 Valencia, 2 Seville, 1 San Sebastián and Barcelona). In recent years, the company has registered double-digit growth–driven by the good momentum of the tourism sector in Spain as well as the rise of urban tourism with a novel lifestyle concept–thanks to the strong development experienced in recent years in cities like Madrid, Malaga, Seville, Valencia, Bilbao, and San Sebastián.
In this new stage, One Shot aims to double its network of hotels in 5 years by expanding its presence in Seville, Malaga, Alicante, Barcelona, Bilbao, Lisbon, and Porto.
Solis Tello’s family commented, “we were not seeking just any fund to develop and grow our One Shot Hotels project, we needed someone with the experience and track record of Nazca in Spanish families and SMEs, to dare to make this vital and necessary leap in our ambitious growth plan in the main cities of the Iberian Peninsula.”
Luis Felipe Mendieta, Founder and CEO, affirmed, “we face a tremendous growth challenge in the coming years. The incorporation of Nazca recognizes their contributions of capital and experience in creating national leaders in attractive segments of the market. Their knowledge of the dynamics of the family business is also very applicable to One Shot.”
Álvaro Mariátegui, CEO of Nazca Capital, commented, “One Shot Hotels is the sixth investment of the Nazca IV Fund and meets all of the requirements we seek in an investment. It has unique positioning in the urban sector, an excellent team, and a market with strong growth potential where Spanish companies are a clear reference. We are very excited about the possibility of participating in this project, with a great team led by Felipe Mendieta, where we will contribute our 20 years of experience investing in family companies in Spain with growth plans.”
Deloitte, Savills-Aguirre Newman, Aldaba, Debitas and Uría have advised Nazca in this operation, and PwC advised to the sellers.