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Spain’s largest supermarket chain continues its unstoppable expansion and wants to continue growing in the capital by 2024. As reported by Expansión, Mercadona has just signed an agreement with the company Beluga 2013, owned by Antonio Catalán, to buy the AC Aravaca hotel and open a new supermarket there by 2025.
According to Expansión, the amount of this transaction would be around 16 million euros. The hotel, located in a privileged location next to the A-6 highway, in the Moncloa-Aravaca district, has been open for two decades and has 110 rooms. As the space needs to be properly fitted out in order to convert it into the usual Mercadona supermarket, it is estimated that the process will take a few months and the premises will be ready for next year.
With this new store in the Aravaca hotel, Mercadona will now have four establishments in the Moncloa-Aravaca district, one of the best areas of the capital. In addition, the supermarket giant has more than 1,600 stores in Spain and 50 in Portugal, with a workforce of more than 100,000 employees.