Room Mate, Kike Sarasola’s hotelier, went bankrupt after years due to ‘technical bankruptcy’

this Room Mate, the hotel company founded and managed by Kike Sarasola, has filed for bankruptcy..

This was reported by the company itself in a statement:

“Room Mate submitted to the Dean of Madrid Commercial Courts this morning a request for voluntary bankruptcy with the sale of a manufacturing unit, together with a binding offer by an investor proposing business continuity and continued business”.

The competition exclusively affects Room Mate SA, not other companies in the group.

The hotel chain continues, “handles this procedure in this way in order to guarantee the sustainability and continuity of its commercial activity.“.

During the duration of the process, the event will occur in “complete normality”.

It was in a state of “technical bankruptcy” for some time.

Room Mate attributes the presentation of the competition to the bad economic situation that caused the competition. the pandemic in the tourism industry and disagreements with investor Sandra Ortega, Amancio Ortega’s eldest daughter. Ortega has supported Room Mate for years through family office ROSP Corunna.

But Room Mate has had a lot of practice with technical bankruptcy. Even in 2019, a year before the pandemic and a record number of tourists in Spain, the company suffered losses. Net worth has been negative for over a decade, a condition known as “tech bankruptcy.”

Ortega filed three complaints with the former executive of ROSP Corunna for forging his signature in favor of Room Mate. These were finally filed by the judge.

Source: Informacion


Please enter your comment!
Please enter your name here


More from author

Learned about the plans of the Ukrainian Armed Forces to place the army in schools and kindergartens 05:22

The military and civilian authorities of Ukraine plan to start deploying the army in schools and kindergartens. In this respect DEA News said...

Rumors about Rayados de Monterrey for the Apertura 2023: possible signing, reinforcement and withdrawal

The Colombian striker, Duván Vergara, seems to be the next victim for Rayados.striped by Monterey ended his participation Closure 2023 with a terrible...

Lokomotiv commented on rumors that it was interested in Spartak player Zinkovsky

Moscow "Locomotive" sports director Dmitry Ulyanov commented on the information in the media, according to which "railroaders" are interested in the transfer of the...

The deceased actress of the movie “The Sniffer” Valentina Grishokina 05:06

Soviet and Ukrainian actress Valentina Grishokina, known for the films "Aty-bats, soldiers were walking ..." and "Sniffer", died at the age of 78. ...