22 January 2020 – Alimarket
The hostel chain The Central House (TCH), which was constituted in November 2019, is going to open its first establishment in Madrid in April. The new hostel will have 53 rooms, distributed over 3,000 m2 with capacity for around 300 guests and will be located in the La Latina neighbourhood.
TCH’s growth plans involve investing €120 million to open 15 hostels over the next five years in central locations and tourist areas around Spain and Portugal, to exceed 5,000 beds. Its portfolio will be based on a mixed accommodation model, which will combine private rooms (similar to those in a hotel) with shared rooms (similar to those in a hostel), together with spacious common areas.
Original Story: Alimarket
Translation/Summary: Carmel Drake