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Budget accommodation company EasyHotel has signed an agreement with Continuum Hospitality Group to develop a 146-room hotel in Malaga, Spain.

Expected to open in 2019, the property will be EasyHotel’s second development in the country, with its Barcelona property due to open this summer.

A subsidiary of EasyGroup, the UK firm behind the EasyJet airline, EasyHotel owns seven hotels with a total of 702 rooms.

On top of this, it has a further 20 franchised hotels with 1,728 rooms.

Related: World Franchise Associates to represent easyHotel

The latest addition to its portfolio will be developed and managed by Continuum Hospital Group. It is backed by French private equity firm Extendam.

Malaga is officially the fastest growing urban tourist destination in Spain, hosting more than 1.3mn tourists last year according to the local town hall.

“We continue to expand our franchise portfolio in key international destinations and I am delighted that we are strengthening our presence in both of these important European tourist resorts, working alongside highly experienced partners,” said Chief Executive Guy Parsons.

“These additions will take our franchise portfolio to 1,728 rooms opened with 1,857 under development and the Board looks forward to announcing further opportunities in due course.”

Source: FDF World

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