NH Hoteles to Open a New Hotel in Mercamadrid

á The new hotel, under lease management, represents an Eur 9 mn investment.

á The establishment will be part of a complex offering other types of restaurant services and an exhibit centre accommodating up to 1,000 persons.

á Mercamadrid, is the largest fish market in the world and one of Europe’s main meat and vegetable markets.

NH Hoteles will open this 4-star and 124 room hotel in Mercamadrid. The establishment, under lease contract, represents an investment of EUR 9 mn of which NH will invest EUR 2.2 mn in furnishings.
This new hotel was awarded by Mercamadrid, S.A. in a tender in which NH Hotels and Konin 22, a subsidiary of the Veintidós Group, bid jointly. Mercamadrid is the largest fish market in the world, one of the most important European meat and vegetable markets, and provides services to around 30,000 clients daily. There is currently only one hotel in this area, despite its strategic location at the Madrid M-40 highway exit.

The hotel rooms will be equipped with a separate telephone line for modem connection, TV, satellite dish, videogames, pay-per-view movies, a choice of pillows, hairdryer, room service, and air conditioning. Guests will also enjoy the hotel’s fitness centre, business centre, gardens, private parking facilities, bar and restaurant. The inauguration of this hotel, currently under construction, is planned for 2004.


This new establishment will be located in a commercial complex with restaurants, shops, a 3,000 m2 muti-function area with capacities for up to 1,000 persons. Ventidós Group will invest EUR 3 mn.

This is the third NH Hoteles - Veintidós Group joint project. Both groups have previously jointly developed the NH Villa de Coslada, opened in 1999, and NH Palacio de Godoy in Aranjuez, which is expected to open in the next few months.

ABOUT VEINTID?“S GROUP: Veintidós Group is involved in construction, leisure and tourism activities and has participated with well-known hotel chains, such as NH Hoteles, in hotel and leisure projects in several cities in Spain which reflect an innovative conception of spaces for tourist activities.
ABOUT NH HOTELS: The NH Hoteles Group, (www.nh-hoteles.com), following the acquisition of the Dutch chain, Krasnapolsky in July 2000, the Mexican chain Krystal in June 2001 and the German hotel chain, Astron last 25th February, is now Europe’s third ranking business hotel chain. NH operates 237 hotels and 34,179 rooms in 18 countries in Europe, Latin America and Africa. The recent acquisition of Astron, the third leading city hotel in Germany, has consolidated NH’s presence in Europe. NH currently has 35 new projects under construction that will add close to 6,700 new rooms. NH hotels are famous for the quality of their services and facilities, where great attention has been given to the décor so that guests may enjoy a comfortable stay. The hotels have the most advance technologies to facilitate its guests communications as well as their work and leisure. NH Hoteles attaches great importance to gastronomy. In fact, the company has reached a collaboration agreement with Ferrán Adrià, one of the world’s most prestigious chefs, with three Michelin stars, who has launched the new “nhube” concept in NH Hotels. These spacious areas, a first in the hotel sector, combine restaurant services, relax and leisure. He has recently introduced “fast-good”, a concept where fast food and the highest quality are made compatible. The NH Group is listed in the Madrid (part of the selective IBEX 35) and Amsterdam (Euronext) stock exchanges. NH Hoteles is also a member of Stoxx Europe 600, which includes the leading European companies included in Morgan Stanley Capital International’s stock index (MSCI).