Dalata Hotel Group will open its first hotel in Spain in Madrid in 2029. The new 4-star Clayton hotel will feature 243 bedrooms and various facilities, including a restaurant, bar, outdoor pool, and gym.
Located in Valdebebas close to Adolfo Suárez Madrid-Barajas Airport, Europe’s fifth busiest, it is key for boosting hotel stays in the area.
Dalata plans to operate the hotel under a 15-year lease with options for extensions, refplicating its strategy in other European gateway cities.
Revenue growth for Dalata reached €652m, with additional hotels planned for London and Edinburgh by 2028.
The acquisition of Radisson Blu Hotel Dublin Airport remains subject to a detailed review by the CCPC and is waiting for a final decision.
The pipeline of over 1,800 rooms also includes Maldron Hotel Croke Park, Dublin and Clayton Hotel St Andrew Square, Edinburgh.
Trading in March turned out to be lower than projected due to a slower pick up than anticipated in transient leisure business.
