Worth resort chain, easyHotel has additional strengthened its monetary place by securing a £24.5 million mortgage from Spanish Financial institution, CaixaBank to assist its continued growth into the Spanish market.
The brand new funding will likely be used to assist easyHotel’s growth of 4 new properties in Spain, starting with Madrid, which is ready to open this Spring, adopted by Valencia and Barcelona later in 2025, and Alicante in 2026. Collectively, these resorts will add 361 rooms to easyHotel’s owned and leased property community, marking a big step in its growth into key Spanish cities. In step with the model’s dedication to sustainability, these properties will function modern low-carbon rooms designed to emit 20% much less CO2 over a 50-year lifecycle in comparison with opponents.
With present properties such because the Barcelona Fira already proving to be a monetary success within the Spanish market, easyHotel is increasing its focus within the nation by working carefully with native builders to unlock alternatives for brand new resorts in dynamic hubs like Madrid, Barcelona, and Seville, in addition to rising locations resembling Palma, Zaragoza, Cordoba, and Bilbao. By mixing native market information with the robust recognition of the straightforward model, easyHotel is ready to resonate with each home and worldwide friends and goals to broaden its footprint throughout Spain, providing extra inexpensive and low-carbon stays for travellers.
This mortgage from CaixaBank follows a £42.5 million mortgage secured Santander UK to assist its European growth, alongside an extra £6 million mortgage from BRED Banque for the opening of a 111-room resort in Marseille.
We’re seeing large demand for inexpensive resorts in Spain, and we’re thrilled to be working with CaixaBank to assist gas our growth throughout this key market. This monetary backing provides to the refinancing we introduced earlier final yr and demonstrates the robust assist for our easyHotel proposition as we develop our owned and leased community, capitalising on the straightforward model’s robust status and attraction. With a constructive outlook, a sturdy growth pipeline and franchise alternatives for hoteliers, we’re trying ahead to welcoming extra friends to easyHotel than ever earlier than throughout Spain. Karim Malak, CEO of easyHotel
About easyHotel
easyHotel is an inexpensive, low-carbon chain of worth resorts. It was based in 2004 by Sir Stelios Haji loannou and is now 79.1% owned by ICAMAP Investments S.à r.l and Ivanhoé Cambridge.
ICAMAP Investments S.à r.l. is an funding fund managed by ICAMAP S.à r.l., an asset administration firm based by Guillaume Poitrinal, Hurt Meijer and Alexandre Aquien.
Ivanhoé Cambridge internationally develops and invests in high-quality actual property properties. It’s a subsidiary of Caisse de dépôt et placement du Québec (CDPQ), a world funding group.
easyHotel is surging its growth throughout Europe within the coming years, leveraging the main straightforward model consciousness. The corporate goals to strengthen its presence in key markets resembling France, Spain, Germany and the UK, while creating in new markets, together with Italy, Greece and Poland.
Working resorts:
easyHotel has an property of 49 resorts with c.4,900 rooms, comprising 17 franchised resorts (c.1,200 rooms) and 32 owned and leased resorts (c.3,700 rooms)
Accommodations:
United Kingdom: Belfast, Birmingham, Cardiff, Edinburgh, Glasgow, Ipswich, Leeds, Liverpool, London Croydon, London Paddington, London Shoreditch, London South Kensington, London Victoria, Manchester, Milton Keynes, Newcastle, Oxford, Studying & Sheffield.
France: Marseille, Good, Paris Charles De Gaulle Villepinte & Paris Nord Aubervilliers.
BENELUX: Amsterdam Enviornment, Amsterdam Metropolis Centre, Amsterdam Zaandam, Brussels, Maastricht, Rotterdam, The Hague & The Hague Scheveningen.
Spain: Alicante, Barcelona Fira, Barcelona Meridiana, Madrid Centro Atocha, Madrid San Blas, Malaga & Valencia.
Switzerland: Basel, Zurich Metropolis Centre, Zurich Limmatplatz, Zurich Important Station & Zurich West.
Remainder of Europe: Berlin, Budapest, Dublin, Lisbon & Sofia.