Clayton Hotel Valdebebas

Due to open in the first quarter of 2029, the full-service Clayton Hotel, will include 243 bedrooms, a restaurant, bar, meeting and events, outdoor pool and a gym. The all-electric building will include state-of-the-art heat pump technology and will be certified to LEED Gold standard for its energy efficiency and sustainable design. On completion of construction, Dalata will commence operations of the hotel through a 15-year lease term, with two 5-year tenant extension options. The rent, with a guaranteed minimum, includes a ramp up period for the first three years and thereafter will be determined by the revenue performance of the hotel.

Valdebebas is a new urban development area in Madrid, boasting a broad range of international and domestic attractions which will drive tourism and visitors to the area. While the airport will be a key demand driver, Valdebebas also has one of Europe's largest exhibition and event centres, IFEMA Madrid, drawing 4 million visitors annually; as well as Real Madrid's training centre, Real Madrid City. Additionally, the new Spanish Courts of Justice, and the new Isabel Zendal Hospital - set to open in 2025 with the ambition of becoming the leading neurorehabilitation centre in Europe - are also located in the vicinity. There is also a strong events pipeline, with a brand-new F1 Spanish Grand Prix starting in 2026, being held in the nearby Barajas district, which will be a significant driver of tourism and economic activity in the region.

The signing of the agreement for lease in a major European City, which has become one of the world's top tourist destinations, further demonstrates Dalata's ability to increase its footprint and is consistent with a strategy of targeting locations in Gateway cities in Europe.