Market Leads & Opportunities
Wakemans appointed to Travelodge hotel project
A Birmingham-based property and construction company Wakemans has won a contract on a Travelodge hotel project in Walsall.The scheme, which is part of a wider programme to rejuvenate derelict land along the ring road corridor, will see Wakemans act as tenant’s agent on behalf of the hotel chain.The 60-room hotel will be a cornerstone of a £7.5m regeneration of the gateway site opposite Walsall College.The scheme has attracted an investment of £6.9m 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.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.The new hotel is scheduled for completion in the autumn.
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