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Commerz Real buys office building in Barajas
27 January 2020 | Ana Tavares

Commerz Real bought recently a 10.000 sqm office building next to the Barajas airport, in Madrid, from Inmobiliaria Valtiendos. The amount of the transaction was not disclosed.

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The building is located at avenida Aragón, within the Ciudad Pegaso business park. It will be fully transformed into a 2 star hotel with 280 rooms, which should operate under brand Zleep Hotels starting 2021, advanced El Inmobiliario Mes a Mes. The hotel will also feature a restaurant and fitness area, besides underground parking. The project will be developed by Ridasame.

Dirk Schuldes, global Hospitality director at Commerz Real, commented that «Madrid is not only becoming more popular amongst tourists and business travelers, but it is also benefiting from a significant number of guests throughout the whole year. This guarantees a high occupancy for the hotel».