Gaiarooms buys two Bilbao properties, now runs 31 units
Gaiarooms keeps pushing in Bilbao. The operator just added Basque Boutique and AliciaZZZ, two properties totaling 14 rooms to the 17 it already ran at Apartamentos Olivia. The result: 31 units under its management in the Basque capital, as reported by Hosteltur.
The numbers speak: Basque Boutique, with 8 rooms, posts an average rate of €91, AliciaZZZ, 6 rooms, at €84. Both boast occupancy above 95%. That kind of performance invites more. Indeed, Gaiarooms is studying three more properties in the city and stays on track to reach 4,500 units by 2028.
My take: concentrating product in high-demand urban destinations like Bilbao is not a fad, it's a logical play. Occupancies at 95% leave little room for error, and scale brings efficiency. Let's see how these two newcomers fit into their revenue model. For now, the move looks like a solid bet.
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