TPG Angelo Gordon and Westmont Hospitality-backed Room Mate Hospitality & Leisure completed the acquisition of Staying Valencia.

TPG Angelo Gordon and Westmont Hospitality-backed Room Mate Hospitality & Leisure, a lifestyle hotel brand and lease management company, completed the acquisition of Staying Valencia, a collection of boutique hotels and aparthotels. Financial terms were not disclosed. “Welcoming Staying Valencia into the Room Mate family marks a significant milestone in our journey. We are thrilled to add Staying Valencia to our portfolio of centrally located lifestyle hotels. Valencia’s cultural richness and the company’s hospitality philosophy perfectly aligns with Room Mate’s values. We look forward to working with the new landlords, employees, and stakeholders. Together, we are committed to setting new benchmarks in hospitality excellence,” Kike Sarasola, Room Mate Hotels Founder and President.