• Transaction / Assets
    Office building near Barajas airport
  • Seller
    Inmobiliaria Valtiendos
  • Buyer
    Commerz Real
  • € MM

Commerz Real Purchases an Office Building in Barajas to Convert into a Zleep Hotel

21 January 2020 – El Inmobiliario Mes a Mes – Rebeca Arroyo

Commerz Real has purchased a 10,000 m2 office building near to Madrid airport from Inmobiliaria Valtiendos for an undisclosed sum.

The property is located on Avenida de Aragón in the Ciudad Pegaso business park and is going to be converted into a 2-star hotel, containing 280 rooms, which will operate under the Zleep Hotels brand. Work on the conversion is scheduled to start this year and be completed in 2021.

Original Story: El Inmobiliario Mes a Mes – Rebeca Arroyo

Translation/Summary: Carmel Drake

186