Kategora Arrives in Madrid with an Innovative Hotel Project Worth 73 Million Euros

Kategora Real Estate, the prominent Basque real estate developer, has announced its entry into the Madrid market with the construction of an innovative hotel complex called Kora Lumen. This ambitious investment of €73 million aims to open its doors in 2027 and represents a significant step in the company’s expansion into one of Europe’s most vibrant cities.

The complex will be located in the MADBIT district, a rapidly growing tech area in the Spanish capital, and will offer 325 accommodation units ranging from 30 to 60 square meters. This project has been designed to meet the new needs of modern travelers, focusing on a flexible and sustainable approach. In addition to the apartments, Kora Lumen will feature modern common facilities that promote socialization and well-being, such as a gym, swimming pool, solarium, coworking spaces, and various dining areas.

Pedro Gómez, the project manager, emphasized that Kora Lumen is conceived as an “oasis under the sky of Madrid.” The complex’s design prioritizes natural light and includes specific spaces for rest, work, and socialization. Moreover, green areas with native flora will be incorporated to enhance sustainability and thermal comfort.

The new hotel aims to adhere to BREEAM certification standards, minimizing its environmental impact and energy consumption through advanced technologies such as photovoltaic energy systems and energy-efficient lighting solutions. This commitment to sustainability underscores Kategora’s philosophy of developing responsible infrastructures.

Kategora already has experience in the sector through its Kora Living brand and sees this opening as an opportunity to catalyze future investments in major capitals in Spain. The company’s arrival in Madrid adds to its previous presence in Barcelona and is part of a broader strategy to position the brand as a leader in the global market, while providing a unique accommodation experience.

With over 20 years in the industry, Kategora Real Estate has developed a business model focused on co-investment and the development of sustainable projects. Looking ahead, the company plans to have over 2,500 operational accommodation units by 2027, thus strengthening its presence in the international market.