Axel Hotels, an international hotel chain founded in 2003 parented by the Axel Corporation aimed to LGBTQ+ community and headquartered in Barcelona, Spain, managed the opening of a new hotel After €1.0 Million Investment in Bilbao, Spain, relevant, industrial port city and de facto capital of the autonomous community of the Basque Country in Northern Spain.
The property in a strategic plan openned its doors in a centre like Bilbao which boasts a rich cultural and historical heritage, a staggering architecture with skyscraper - filled downtown, important museums like Frank Gehry - designed Guggenheim Museum, a notable dining scene and stunning landscapes highlighted by green mountains and suggestive hills surrounding the city centre.
This move with the opening of the Axel Hotel Bilbao represents for the group a milestone continuing to grow and establishing one of its unities in one of the most relevant cities in the Iberian Peninsula hosting several congresses, fairs and events of international level.
The hotel is located at Mesedeetako Kaia, 3, in front of the the Estuary of Bilbao or Biboko Itsasadarra, which lies at the common mouth of the rivers Cadagua, Ibaizabal and Nervion, in the heart of the iconic Old Town, a 3 minute walk from the bustling Ribera Market and 7 minutes from the historic square Plaza Nueva, and 5 minute drive from Guggenheim Museum and San Mames Stadium.
The establishment is a tribute to the authentic Bilbao, where labels aren’t allowed, an establishment that in all its essence combines the artistic soul and the industrial profile of the Basque city with the open and urban spirit that greatly characterise the brand.
Hotel Axel Bilbao property features 110 comfortable and stylish guestrooms distributed in five categories, a retractable pool, an exclusive wellness club with a gym, sauna, jacuzzi, massage service and the stunning Skybar located on the rooftop.
The hotel expects to reach an average price of around €114.0, with an estimated occupancy of 85% and planning 32.844 bookings in 2025, which will mean an approximate income of €3.75 million in its first year.
The CEO of Axel Hotels, Albert Olivé highlighted that Hotel Axel Bilbao joining Axel Hotel San Sebastián completes the accommodation offer in the Basque Country with a presence in the two cities of the community the tourists and local residents choose the most and when they move for leisure reasons.
With this opening, Axel Hotels enhances and consolidates its presence in premium destinations, boasting 10 hotels, eight of them in Spain, remaining firm in its expansion plan through the franchise model, with which it expects to open 20 new unities in the next five years, thus strengthening its position in the hotel industry.
Link - https://www.hosteltur.com/169075_axel-hotels-abre-nuevo-hotel-en-bilbao-tras-1-m-de-inversion.html
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