Continuum Hospitality Group has announced a new project called Ibis Madrid Norte Las Tablas, in which it will work with Accor. This hotel project will be managed by Continuum Hotel Management under a franchise agreement with the Ibis brand, part of the Accor group.
The 2-star hotel, which belongs to the new Ibis "Square" generation, is scheduled to open in 2025. It is part of a planned real estate development in this area of Madrid. The establishment will have 148 rooms distributed over five levels, and a built area of 6,624 square metres, which will include 79 parking spaces, spaces for motorbikes and bicycles, and charging points for electric vehicles.
It is anticipated that the hotel, in addition to its accommodation offer, will stand out for its musical focus, being a point of reference for visitors, the local community and the music industry, with a special focus on emerging talent.
Ibis already has 62 establishments in Spain and Portugal, with more than 6,400 rooms. If the associated Ibis Budget and Ibis Styles brands are included, the figure rises to 115 establishments and more than 11,700 rooms in the region.
The development of this hotel project began in early 2022 and was consolidated in September 2023 following the acquisition of the land from Metrovacesa.
The hotel will be located at Calle Sauceda, number 14, in an area of Madrid that has undergone a transformation in recent years and will continue to grow with the "Madrid Nuevo Norte" project. Its strategic location will place it close to several corporations and means of transport, providing facilities for both business travellers and tourists.
The development of this hotel project began in early 2022 and was consolidated in September 2023 following the acquisition of the land from Metrovacesa. Colliers, led by Laura Hernando, advised Metrovacesa on the transaction. After obtaining the relevant licences, construction of the hotel is expected to take more than 20 months.
The financing for the Ibis Madrid Norte Las Tablas comes from Extendam and CaixaBank, with an additional investment from the Continuum group. As for the consultancy and construction of the project, different specialised entities are involved in its different phases.
With this new project, Continuum Hotel Management claims to have 1,264 rooms in its portfolio of hotel management contracts in Spain, distributed in various cities.
Since 2017, Extendam and Continuum Hospitality Gorup have cooperated on six hotel establishments, of which the Ibis Madrid Norte Las Tablas is the latest to be under construction.