Libere Hospital Group raised 6 million euros from its founding team and its collaborators.
The Spain-based company, which owns 13 properties in Spain, Portugal and Italy, said the funds would be used to accelerate recruitment and expansion.
In a statement, Líbere Hospitality said it had raised funds internally to maintain control of the operation and that it plans to increase its turnover sixfold over the next three years and end 2023 with a turnover of business of 15 million euros.
Jon Uriarte, the company’s founder and president, said it plans to invest in its proprietary technology and expand its “Hospitality Tech” business model, described as “a new type of lodging and property management that , thanks to technology, offers a unique solution and differentiating experience in short, medium and long term accommodation with flexible conditions for both customers and owners.
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“We aim to become the leading European alternative tourism operator and an internationally recognized group in the sector,” he said.
Líbere recently inaugurated new properties in Barcelona and Bilbao and has opened other properties in Madrid, Ciudad Real and Lisbon. It currently has 37 properties totaling 1,200 units spread across 13 cities in Spain and southern Europe and plans to reach 1,300 units by the end of 2024.
The company is also consolidating its three brands – Líbere, Naitly and B48 – under the new LHG visual identity.