Premier Inn unveils ￡100m hotel building programme

摘要

The UK's rapidly expanding budget hotel industry is using the credit crunch to exploit sites previously earmarked for office or residential development. Travelodge was the first to reveal it had been eyeing empty office space in London for potential conversions following news that the capital's glut of space was set to skyrocket. But now rival Premier Inn - run by hotel and restaurant group Whitbread - has said it is benefiting from opportunities that have rarely been available. The company has announced investment plans of ￡100 million, which would see another nine hotels developed across the country. The plans include office block conversions in Preston, Lancashire, and Doncaster in South Yorkshire.