Extendam acquires 543-key portfolio of three four-star hotels in Madrid, Barcelona

PUBT · 07/02 14:53
Extendam acquires 543-key portfolio of three four-star hotels in Madrid, Barcelona
- Extendam acquired a portfolio of three four-star hotels in Madrid and Barcelona, totaling 543 keys, under IHG Hotels & Resorts brands.
- The portfolio includes two neighboring assets in Madrid’s Retiro district, with shared meeting and leisure facilities, alongside a refurbished Hotel Indigo in Barcelona.
- Transaction lifts Extendam’s Spanish holdings to 35 hotels with more than 4,400 keys.
- Asset plan targets repositioning in Madrid, including an outdoor pool by 2027, alongside revenue management and commercial upgrades in Barcelona.
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