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Travelodge has announced that it has exchanged contracts for a new hotel in Stratford, London.
Planning permission has been granted to transform a vacant office building into a 151-room Travelodge, which will mark the group’s 85th hotel in London once open. It will also be Travelodge’s closest hotel to Stratford Station.
The group said the new Travelodge will be built to a BREEAM Excellent standard and will feature a new premium “look and feel design”, as well as its new 85 Bar Cafe.
Barnes Construction, which was responsible for building London Wimbledon Central Travelodge and is also on site building a new Travelodge hotel in London Chiswick, is the appointed contractor for the project and will be commencing construction of the hotel in May this year.
Travelodge has agreed a 25-year lease term with the building’s owner, Unex Group, who has been a long-term investor in the area for over 50 years.
Tony O’Brien, UK development director, Travelodge said: “Travelodge is delighted to continue the expansion of our network of hotels throughout London and this new hotel in the thriving hub of Stratford will be a fantastic addition to our portfolio. The site is in a prime location, just moments away from Stratford station and Westfield Stratford City shopping centre, and will attract new visitors to the area.
“We have great experience of converting existing office space into Travelodge hotels and are looking forward to working with Unex to bring this former office building back to life. This type of development is a win-win solution for all parties, as it converts redundant space back into economic use, which is a highly sustainable way of developing, delivers significant inward investment and creates new jobs.”
Adrian Morris, managing director of Unex Group, added: “Unex Group is delighted to have contracted with Travelodge to enable the redevelopment of Gredley House, which was first built by Unex as high-quality offices in the early 1990’s and has been within Unex’s ownership ever since. The building’s design is a perfect fit for conversion to a hotel and we look forward to redeveloping this building for its new use for the next 25 years or more.
“There is a significant amount of captured carbon within the building’s structure, so redeveloping and retaining the existing structure rather than demolishing seemed the most environmentally friendly way to proceed on this project. Unex Group has been developing buildings in Stratford, and the local area, for over 50 years now and remains committed to promoting the City’s continued regeneration, as it has over the years.”
