The 90-room property, located 30 minutes from Madrid’s city center, will be converted into a modern hotel, with plans to begin construction in 2026 and an expected opening in 2027.
The transformation of the site will be led by Grupo JRU in collaboration with Lexxa Hotels and DICSA. The hotel will adhere to Travelodge’s latest design standards and cater to both business and leisure travelers, with convenient access to Madrid Airport and key railway stations like Atocha and Chamartín.
“We are delighted to strengthen our presence in Spain with this unique opportunity to acquire the freehold of a centrally located hotel in Madrid. Spain continues to establish itself as a key market where both leisure and business travellers value quality accommodation at affordable prices.” – Steve Bennett, Chief Property and Development Officer at Travelodge
This acquisition is part of Travelodge’s broader expansion plan in Spain, with approximately 20 priority locations already identified for future growth.
More particularly, Travelodge strengthened its presence in Spain with the opening of five new hotels, adding 635 rooms to its portfolio. This expansion builds on its existing footprint, including the recent opening of its sixth hotel in Coslada, Madrid. The company’s continued growth in Spain is driven by rising demand from both leisure and business travelers, further solidifying its position in the competitive budget hotel segment
The company remains open to various development models, including office conversions and new build projects, further consolidating its position in Spain’s competitive hotel market.
