One of the UK’s largest hotel chains has announced it is expanding its Spanish operation by acquiring the lease of the popular NH Villa de Coslada hotel in Madrid.
It has appointed global hospitality advisors Aldaba Partners to help grow its Spanish hotel portfolio moving forward. This expansion programme reflects the key findings from comprehensive research, including a study of the Spanish hotel market that Travelodge commissioned from Christie & Co. Research showed that Spain is one of the most visited countries in the world and one of the fastest-growing hotel markets across the globe, but there is a significant gap for branded, low cost and good quality accommodation in the midscale and economy segment.
To launch its Spanish expansion programme, Travelodge is delighted to have acquired the lease of the NH Villa De Coslada hotel in Madrid. The 78-room hotel features an on-site restaurant, bar and car-park and is Coslada’s main hotel, situated close to the Civitas Metropolitano Stadium, IFEMA Convention Center and the airport – making it an ideal base for business and leisure customers.
Travelodge has acquired a 20-year lease to operate the hotel from Grupo Veintidos. The hotel will be renamed Travelodge Madrid Coslada Aeropuerto and the group will invest approximately €1M in acquiring the lease and refurbishing the hotel to the new Travelodge budget-luxe premium look hotel design.
