Structured Financing Deal Closed for JV “iAM Capital – CATS Hostels”

Project Scope

The transaction enables the acquisition and financing of three strategic properties in Madrid, San Sebastián, and Córdoba, to be operated under the CATS Hostels brand, a leading urban hostel operator with over 20 years of experience.

This milestone strengthens the JV’s footprint in Spain and Portugal, where they already operate four assets (Madrid, Córdoba, San Sebastián, and Porto), consolidating their commitment to a segment with high growth potential and resilient performance metrics.

Our Role

Horwath HTL Spain provided end-to-end advisory, including:

• Preliminary feasibility studies and market analysis.
• Structuring of the financing package aligned with the JV’s expansion strategy.
• Negotiation of terms with the banking institution to ensure flexibility and capital efficiency.
• Coordination of legal and financial advisors for seamless execution.

Strategic Impact

This transaction reflects a rare integrated approach in the hospitality sector—combining structured financing, asset acquisition, and operational scaling within a single process. It required:

• Deep hospitality expertise.
• Advanced financial structuring capabilities.
• Coordinated execution across multiple stakeholders.

“Our solutions are designed to optimize capital structures while enabling sustainable growth. This deal exemplifies how strategic financing can unlock expansion opportunities in high-potential segments like hostels.”
Antoni Cuadrada, CEFA®, Senior Director of Capital Markets & M&A at Horwath HTL Spain

Horwath HTL Spain continues to lead in Capital Markets advisory for hospitality projects, delivering integrated solutions that combine financial innovation with sector-specific insight.

Project Location

Madrid, San Sebastián, Córdoba, Spain