UMusic Hotels lands in Spain with the management of the Albéniz Theater complex

Silicius Real Estate, the socimi from Mazabi, announced this morning the signing of a lease agreement with the firm UMusic Hotels, a joint venture between Universal Music and Dakia U-Ventures, for the operation of the Albéniz Theater complex under the name UMusic Hotel Madrid. The property is made up of a five-star hotel with 130 rooms, a theater with a maximum occupancy of 900 seats and a leisure room for events and shows.

Being recognized as an Asset of Patrimonial Interest by the Community of Madrid and enjoy strong protection, the reform of the theater and the hotel have respected all the protected elements of both infrastructures, adapting the hotel to the standards of a five-star category property. Both will be inaugurated at the end of the year, while the events room will be renovated in the coming months.

“We believe that UMusic Hotels will allow the wide cultural offer that the city of Madrid presents to be reinforced, through the start-up of a unique asset, which combines a hotel, theater and leisure room”, he pointed out. Juan Diaz de Bustamante, CEO of Silicius. For his part, Robert Lavia, CEO of UMusic Hotels, assured that the opening has an important strategic value for the company. “It is the first establishment of the chain in Europe, in a historic building that perfectly combines hospitality and entertainment.”

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