Easyhotel secures £24.5m funding for Spanish expansion

Easyhotel has secured a £24.5m loan fromCaixaBank to support its continued expansion into the Spanish market.

The new funding will be used to support easyHotel’s development of four new properties in Spain.

This begins with Madrid, which is set to open this Spring, followed by Valencia and Barcelona later in 2025, and Alicante in 2026.

Together, these hotels will add 361 rooms to easyHotel’s owned and leased property network, marking a significant step in its expansion into key Spanish cities.

The company is also looking to expand in growing destinations such as Palma, Zaragoza, Cordoba, and Bilbao.

This loan from CaixaBank follows a £42.5m loan secured from Santander UK to support its European expansion.

It comes alongside an additional £6m loan from BRED Banque for the opening of a 111-room hotel in Marseille.

Karim Malak, CEO of Easyhotel, said: “We’re seeing huge demand for affordable hotels in Spain, and we are thrilled to be working with CaixaBank to help fuel our expansion across this key market.

“This financial backing adds to the refinancing we announced earlier last year and demonstrates the strong support for our easyHotel proposition as we grow our owned and leased network, capitalising on the easy brand’s strong reputation and appeal. With a positive outlook, a robust development pipeline and franchise opportunities for hoteliers, we’re looking forward to welcoming more guests to easyHotel than ever before across Spain.”