Value hotel chain, easyHotel, has secured a £24.5 million loan from Spanish Bank, CaixaBank, to support its continued expansion into the Spanish market.
The new funding will be used to support easyHotel’s development of four new properties in Spain.
Openings will beegin with Madrid, which is set to open this Spring, followed by Valencia and Barcelona later in 2025, and Alicante in 2026.
Together, these hotels will add 361 rooms to easyHotel’s owned and leased property network.
In line with the brand’s commitment to sustainability, these properties will feature innovative low-carbon rooms designed to emit 20% less CO2 over a 50-year lifecycle compared to competitors.
With current properties such as the Barcelona Fira already proving to be a financial success in the Spanish market, easyHotel is expanding its focus in the country by working closely with local developers to unlock opportunities for new hotels in dynamic hubs like Madrid, Barcelona, and Seville, as well as growing destinations such as Palma, Zaragoza, Cordoba, and Bilbao.
This loan from CaixaBank follows a £42.5 million loan secured by Santander UK to support its European expansion, alongside an additional £6 million loan from BRED Banque for the opening of a 111-room hotel in Marseille.
Karim Malak, CEO of easyHotel, said: “We’re seeing huge demand for affordable hotels in Spain, and we are thrilled to be working with CaixaBank to help fuel our expansion across this key market.
“This financial backing adds to the refinancing we announced earlier last year and demonstrates the strong support for our easyHotel proposition as we grow our owned and leased network, capitalising on the easy brand’s strong reputation and appeal.
“With a positive outlook, a robust development pipeline and franchise opportunities for hoteliers, we’re looking forward to welcoming more guests to easyHotel than ever before across Spain.”
