EXTENDAM advances its hotel strategy in Madrid and Seville hotel markets
🏨 Madrid’s hotel, located 700 meters from Atocha Station, was sold post-2022 completion, featuring 230 rooms and 99 parking spaces, yielding a 19% IRR. In Seville, EXTENDAM plans a 184-room hotel in Nervión by early 2028, with amenities like a panoramic pool and BREEAM certification. Madrid and Seville are key markets with high RevPAR. The projects align with trends favoring connectivity and upscale offerings, emphasizing Spain’s strong tourism fundamentals and development potential.
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