Iberian Property > News > Hotels Family office acquires Room Mate Alba Hotel in Madrid for €32.5M The four-star asset, located in the Barrio de las Letras district and offering 80 rooms, will continue to be operated by Room Mate after the sale. Alexandre Lima | 07/08/2024 Room Mate Alba Hotel in Madrid Exclusive Content NOT A SUBSCRIBER YET? SUBSCRIBE HERE >> Already a subscriber? LOGIN HERE >> Related news: Offices Árima finalises the lease of 13,000 sqm of office space to ICEX in Madrid 17 February 2026 Market Updates Castellana Properties negotiates the purchase of Islazul for €340M 18 February 2026