Wakemans Appointed On £7.5million Regeneration Project In Walsall
Travelodge, the UK’s first budget hotel brand which operates over 550 hotels, has appointed national property and construction consultancy Wakemans on a new hotel development in Walsall, which is part of a wider scheme to rejuvenate derelict land along the ring road corridor.
Wakemans is acting as tenant’s agent on behalf of Travelodge, which is committed to expanding its portfolio of properties across the Midlands.
The 60-room Travelodge hotel, which features a Bar Café, is a cornerstone of a £7.5million regeneration of the gateway site opposite Walsall College.
The scheme has attracted an investment of £6.9million from the West Midlands Combined Authority, which is buying the land. The funding has come from its Collective Investment Fund, earmarked to support projects that create employment and stimulate economic growth across the region.
Wakemans Senior Associate Director Nigel Himpson said: “We’re delighted to be working with Travelodge to enhance its network of low cost and good quality hotels across the Midlands. The Walsall Travelodge is a great addition to the two new hotels the company opened last year in the Black Country in West Bromwich and Dudley.”
As well as the five-story Travelodge hotel, which incorporates a Bar Café on the ground floor, the redevelopment scheme will include a fast food restaurant and leisure facilities. Construction is scheduled to start on site later this month.
Tony O’Brien, Travelodge, UK Development Director said: “The West Midlands is a key growth area for Travelodge and we are delighted to be opening our 28th hotel in the region in Walsall. The local economy is growing at pace and with increasing visitor numbers to the area there is a big shortage of good quality and great value accommodation. Therefore our hotel is ideally located to fulfil this growing consumer demand.”
Welcomed by Walsall Borough Council for the benefits it will bring in terms of job creation and additional choice for the local community and visitors alike, the new Walsall Travelodge is scheduled for completion in autumn 2018.