Located at number 3 from Calle Postigo de San Martín, it has 4.000 m2 and 400 beds. The second asset is under negotiation in Malaga.
EjePrime mentions that this Socimi will invest around €250 million until 2018, and wants to go up to the 3,500 beds and a dozen of buildings.
Regarding the locations, Madrid and Barcelona are the main choices, alongside others Spanish touristic cities.
This Socimi answers to a growing demand on the part of young travelers. The company expects that young from all over the world allocate more than €230,000 million for travelling, and there only 6 companies worldwide specialized in this type of accommodation at competitive prices.
A third Socimi, focused on co-working assets, is also part of the Excem plans, refers the same source. So far, Excem “expects a capital increase for Excem Socimi Situr between September and December 2017, and to start being quoted on the MAB in 2019”.