New ibis Styles hotel to open in Madrid

ibis Styles Valdebebas

EXTENDAM is obtaining a 3,000 m ² plot of arrive on a currently established tertiary zone, in order to construct the 300 th hotel in its portfolio, an Ibis Styles, arranged to open in 2025.

Construction will start in February 2023 and the hotel is arranged to open in early2025 The brand-new 8,675 m ² hotel, situated in the Valdebebas district, will have 260 spaces and will accommodate both leisure and service visitors.

The location is house to Real Madrid’s training centre, the Exhibition Centre, the IFEMA Congress Centre and the Felipe VI Park, among the capital’s green lungs. The metropolitan location is presently being established and will quickly be house to a brand-new court house, 36,000 m ² of office, a 145,000 m ² shopping center and an extension to IFEMA.

AGP Hotels, a partner and co-investor in the operation, which currently has actually a lots franchised hotels in France and Spain, consisting of 3 Accor-branded hotels in Spain, will run the brand-new residential or commercial property.

We are pleased with this very first deal with AGP Hotels in a Madrid district going through significant modifications. The hotel operator market in Madrid has actually recuperated effectively general in 2022 and at the end of October published cumulative RevPAR development of practically 130% compared to 2021, in spite of the truth that the start of the year was still greatly affected by health constraints. We are for that reason extremely positive that the future ibis Styles will be well matched to a healthy area integrating a brand-new metropolitan deal with a maintained natural setting.

Jean-Marc Palhon and Bertrand Pullès, respectively Chairman and Deputy Managing Director of EXTENDAM

We are thrilled to start our cooperation with EXTENDAM on this structuring task which will reinforce our position in Spain. Over the last couple of years, the knowledge and quality of our group’s hotel management has actually been identified, in specific by awards from the franchisors Accor and Louvre hotel Group, along with by the Ministry of Crafts, Trade and Tourism. We have an enthusiastic typical vision for this future ibis Styles hotel in Valdebebas, which is totally incorporated into our advancement with the goal of operating 25 hotels by2030

Alexandre Guénant, Chairman of AGP Hotels

The future ibis Styles in Valdebebas is among the significant tasks in Europe. It belongs to our roadmap to establish and run mixed-use tasks. Our distinguishing aspect is our capability to offer total services to hotel operator and financier partners throughout the life process of each task. This is what we are eagerly anticipating carrying out in this brand-new place. We are thrilled that EXTENDAM can accompany our historic franchise partner AGP Hotels in its advancement, which was the very first ibis franchisee in Spain in2009

Cristina De Oliveira-Frewen, COO Franchise Operations Europe & & North Africa of Accor Premium, Midscale & & Economy


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