Dalata expands with new hotel in Madrid

DUBLIN - Dalata Hotel Group plc, the largest independent four-star hotel operator in the UK and Ireland, has announced an expansion into Spain with a new hotel in Madrid, marking its first venture in the country and third in Continental Europe. The hotel, operating under the Clayton brand, is slated to open in the first quarter of 2029 in Valdebebas, an up-and-coming neighborhood near the Adolfo Suárez Madrid-Barajas Airport.

The new 243-bedroom Clayton Hotel will feature a full range of amenities, including a restaurant, bar, meeting and event spaces, an outdoor pool, and a gym. It will be housed in an all-electric building, utilizing advanced heat pump technology and aiming for LEED Gold certification for its energy efficiency and sustainable design.

Dalata has secured a 15-year lease agreement with Grupo Insur, a prominent Spanish real estate company with over 75 years of operation and listed on the Madrid stock exchange. The lease includes two 5-year tenant extension options and a rent structure that provides a guaranteed minimum with adjustments based on hotel revenue after an initial three-year ramp-up period.

Valdebebas is poised to become a significant draw for both international and domestic visitors, with attractions such as IFEMA Madrid, one of Europe’s largest exhibition and event centers, and Real Madrid City, the training center for the famed football club. The area will also host the new Spanish Courts of Justice, the Isabel Zendal Hospital, and starting in 2026, the F1 Spanish Grand Prix in the nearby Barajas district.

Deputy CEO of Dalata, Shane Casserly, expressed enthusiasm for the project, citing Madrid’s status as a top global travel destination and the strategic importance of the Valdebebas location for the Group’s European expansion strategy.

This announcement is based on a press release statement from Dalata Hotel Group plc. The company, which has been operating since 2007, currently boasts a portfolio of 55 hotels and is targeting a total of 21,000 rooms operational or in development by 2030. For the year ended December 31, 2024, Dalata reported revenue of €652.2 million. The Group is listed on Euronext (EPA:ENX) Dublin (ISE:DHG) and the London Stock Exchange (LON:LSEG) (LSE:DAL).

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