Manchester City Council has granted consent to Deansgate Securities, a joint venture between Ask Developments and Realty Estates, for a 200-bed Travelodge hotel on the former Boddingtons Brewery site north of the city centre.
Alan Burke of Deansgate Securities said: "We have previously agreed terms with Travelodge, our first tenant, on the former Boddingtons Brewery site. This decision has been taken while the economy is still fragile and the property market remains subdued. It reflects a massive vote of confidence in the site, which is a stone's throw from the highly successful MEN Arena and Manchester's primary shopping area, the Arndale Centre."
Tony O'Brien, group property director of Travelodge, said: "The Boddingtons site is a great location, benefiting from a strong business market as well as the MEN Arena which is one of the busiest concert venues in the world. This hotel reflects our strategy of developing in high profile locations in the UK's leading city centres."
The developer expects to be on site in July 2010 and it is anticipated that the hotel will open for business in June 2011. Ask and Realty Estates acquired the 7.4-acre site in 2006 with funding from HSBC. The project architects are HKR in Manchester.