Budget hotel chain Travelodge has further expanded in Spain by opening a new property in the capital Madrid.
The latest hotel - Madrid Coslada Aeropuerto Travelodge – becomes Travelodge’s sixth property in Spain and third in Madrid. It also has two hotels in Barcelona and one in Valencia.
As part of its expansion plans in Spain, the company has identified 20 target markets to open new hotels across the country including cities such as Seville, Cadiz, Alicante, Malaga, San Sebastián and Palma in Mallorca. It also wants to expand in the cities where it already operates.
Travelodge has signed a 20-year lease on its latest Madrid hotel, which was formerly the NH Villa De Coslada, Madrid. It has spent €1 million to refurbish and rebrand the 78-room hotel, which also includes a restaurant, bar and car park.
Angel Beleño, Travelodge’s general director, Spain, said: “Spain is the fourth most visited country in the world and its tourism industry is now an important engine of the Spanish economy.
“This is creating new opportunities in the Spanish hotel market, especially for the midscale and economy hotel sector, and we want to take this opportunity to bring the Travelodge brand to new business and leisure locations across Spain.”