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Travelodge has today announced that it has exchanged contracts for two new hotels in Greater Manchester, an investment of £9m.
The first hotel, located in Stockport on Heaton Lane, will feature 86 bedrooms and a bar/cafe. The hotel will occupy part of Regent House, one of the most prominent office buildings in the town centre.
The second property is located in Sale and will be created by converting an existing four-storey office building into a 67-bedroom hotel with a bar cafe and 75 on-site car park spaces.
Travelodge said that it has exchanged contracts with Orbit Developments for these two properties while planning applications have been submitted.
Paul Harvey, managing director of property said: “Manchester is at the forefront of the UK boom and is a key growth area for Travelodge. The powerhouse is a vital hub for business, tourism and is also home to four universities.
“Therefore we are delighted to boost our current portfolio of 16 hotels in the city with two new prime additions in Sale and Stockport.
“However we think there is still a huge opportunity to grow further in Greater Manchester in response to the growing demand from business and leisure visitors for good value accommodation.
“Therefore we are looking for a further seven new sites across the region to build more Travelodge hotels.”
He added that the seven properties would represent an investment of £35m, create around 200 new jobs, and will be based Cheadle, Oldham, Rochdale, Wigan,Worsley and two sites in Manchester city centre.
Both hotels are expected to open towards the end of 2016 and create 45 new jobs.
