The Dalata hotel group has announced the opening of its first hotel in the Spanish capital.
The Irish hotel chain has signed an agreement with Grupo Insur to lease the new 4-star Clayton Hotel, which will be built in Madrid.
The hotel will be located in the Valdebebas area, a rapidly developing and dynamic part of Madrid, located close to Adolfo Suarez Madrid-Barajas Airport, the fifth busiest in Europe.
Grupo Insur is a leading Spanish real estate company with over 75 years of experience and listed on the Madrid Stock Exchange.
The full-service Clayton Hotel is expected to open in the first quarter of 2029 and will feature 243 guest rooms, a restaurant, bar, meeting and event space, an outdoor pool and a gym.
The all-electric building will be equipped with state-of-the-art heat pumps and will receive LEED Gold certification for its energy efficiency and sustainable design.
Once completed, Dalata will operate the hotel under a 15-year lease with options for two 5-year extensions.
The guaranteed minimum rent will include phased increases over the first three years and then will be based on the hotel's revenue.
While the airport will play a key role in demand, Valdebebas is also home to one of the largest exhibition and entertainment centres in Europe, IFEMA Madrid, which attracts around 4 million visitors each year, as well as Real Madrid's training centre, Real Madrid City.
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Signing a lease in a major European city, which has become one of the most popular tourist destinations in the world, once again demonstrates Dalata’s ability to expand its presence and is in line with its strategy of selecting locations in gateway cities to Europe.
Shane Casserly, Deputy General Manager of Dalata, said: “Madrid is a leading global tourism destination and a strategic location in our expansion strategy in Europe.
“Located close to Adolfo Suarez Madrid-Barajas Airport in the fast-growing, dynamic area of Valdebebas, this new development is ideally positioned to take advantage of the high demand, tourist attractions and rapidly growing events opportunities in the area.
“We are delighted to have secured such an exciting opportunity in one of our target cities in Europe and look forward to working with Grupo Insur, one of Spain’s leading real estate companies, to successfully deliver this exciting project.”
Sourse: breakingnews.ie
