Spanish investment firm 4Founders Capital has launched its first hotel‑focused investment vehicle, called 4Founders Capital Hospitality, with an investment capacity of €60 million and a six‑year life span.
- Established in 2017 by Jesús Monleón, Marc Badosa, Javier Pérez-Tenessa, Paula Blázquez, and Marek Fodor, 4Founders Capital has grown to over €130 million in assets under management and invests in high-potential early-stage startups across Spain.
- Last year, the firm raised €44 million in the first close of its €65 million Fund III, targeting around 40 early-stage startups. Backed by family offices, tech entrepreneurs, and institutional investors, the fund plans investment tickets ranging from €250,000 to €2 million.
- The new fund plans to acquire and manage roughly 15 hotels in Spain’s Tier 2 cities, targeting locations with steady tourism demand but less saturated markets than the country’s major urban centers. Its strategy blends revenue from hotel operations with real estate appreciation, leveraging technology to streamline management and improve efficiency.
- The fund is targeting an internal rate of return (IRR) of around 18% per property, with an expected net IRR above 12% for investors over a three- to four-year exit horizon.
"We are focused on growth and see a strong opportunity in partnering with Enrique Domínguez, founder of the Gaiarooms chain," says Marc Badosa, Founding Partner of 4Founders Capital, with co-founders Jesús Monleón (Trovit), Marek Fodor (Atrápalo), and Javier Pérez-Tenessa (Edreams).
- Enrique Domínguez, founder of Spanish hotel operator Gaiarooms, has joined the fund as Head of Investment Strategy. The partnership brings together 4Founders’ investment platform and Gaiarooms’ experience running independent hotels.
