Travelodge has recently announced it has exchanged contracts with Wilton Place Ltd for a new hotel in central Oxford – at the northern end of Cowley Road. The 66-room hotel which represents a £2.5 million investment is scheduled to open in spring 2015. This will be Travelodge’s third property in Oxford and it will also be the closest budget hotel to the centre of Oxford – offering visitors a more convenient and affordable place to stay to explore the historic city.
Under its £57 million refurbishment programme, Travelodge has committed to spending £1.3m on its five existing Oxfordshire hotels.
Last year Travelodge refurbished its 40-bed Burford Cotswolds, 36-bed Oxford Wheatley and 51-bed Thame hotels. This incorporated the new Travelodge room design, which has been created by the hotel chain’s customers. All refurbished bedrooms receive new Travelodge Dreamer beds, which are deemed in the industry as the Rolls Royce of beds.
In 2014 the 133-bed Bicester Cherwell Valley and 197-bed Oxford Peartree hotels will undergo the new brand refurbishment.
Andrew Silverwood of Wright Silverwood Chartered Surveyors acted on behalf of Travelodge, for the exchange of contracts.
Tony O’Brien, UK Development Director of Travelodge Hotels, commented:
“Finding a location for good quality, affordable hotel accommodation located close to the centre of Oxford is difficult so we are delighted to have exchanged contracts for this Cowley Road property.
“Oxford has 9.5 million visitors a year, a thriving economy and a population that has grown by 12% over the last decade. The demand for our two existing hotels that serve Oxford is very high and saw us accommodate 71,000 people last year. The Cowley Road hotel will enable us to meet the expectation of our customers that we secure the best possible locations across the UK.”
