The company plans to operate 150 beds in coliving buildings and expects to put thousands of beds on the market over the next few years.
Hoteliers in Madrid Warn of Massive Bankruptcies due to “Insufficient Measures” to Combat the Crisis
Hoteliers warn the Government and the Community of Madrid that the measures taken to combat the crisis are “insufficient and that the sector is in danger of bankruptcy.”
The development, located in the Ensanche de Vallecas neighbourhood of Madrid, was acquired by the fund manager Catella for €25.5 million in February.
Madrid City Council has approved the tender for the work to renovate the capital’s North Junction with a budget of almost €63.5 million.