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Premier Inn continues to deliver new sites

PLANNING FOR SUCCESS: PREMIER INN CONTINUES TO DELIVER NEW SITES

26 July 2013

The UK’s largest hotel chain continues to achieve new consents for hotels in Berkshire, Devon, Hampshire, London and Manchester Premier Inn, the UK’s largest hotel chain, has achieved planning consent for six new hotel sites in just four weeks. 

The sites will deliver a total of 670 new bedrooms into Premier Inn’s secured development pipeline and takes the company one step closer to achieving its growth target of 75,000 Premier Inn UK bedrooms by 2018.

The planning consents have been achieved at the following locations: 

  • Exeter Southernhay, Devon: 120-bedroom Premier Inn leasehold hotel located next to Exeter’s Crown Court
  • Exmouth, Devon: 60-bedroom Premier Inn hotel and restaurant to be built on a prime site on the town’s Esplanade
  • New Bailey Street, Spinningfields: 140-bedroom Premier Inn hotel and restaurant next to Salford Central Train station
  • Maidenhead, Berkshire: 120-bedroom new-build hotel and restaurant opposite Kidwells Park
  • Farnborough, Hampshire: 80-bedroom Premier Inn hotel and 200-cover Beefeater Grill restaurant
  • Holborn, London: 150-bedroom leasehold Premier Inn hotel and restaurant, which will be an office to hotel conversion on Red Lion Street

The new hotels are a combination of freehold and leasehold deals and will go into Premier Inn’s secured pipeline of more than 10,000 bedrooms.  

John Bates, Head of Acquisitions UK and Ireland for Whitbread Hotels and Restaurants, said: “Premier Inn is one of the UK’s most successful businesses and we are expanding across the country on the back of increasing customer demand.  Achieving planning consent on six sites in just four weeks is testament to the quality of our offer to investors and developers and shows we have what it takes to hit our 4,000 bedroom target for this year. 

“We’re finding that development partners appreciate what Premier Inn contributes in terms of footfall and they want to do business with a firm which has a strong covenant like Whitbread.  Planners also look favourably on Premier Inn given the investment we make in the local economy and the desire for a mixed-use element in residential or retail schemes.  These locations are a great example of the flexibility and adaptability Premier Inn can bring to secure the right site and are a significant step towards our goal of 75,000 bedrooms across the UK and Ireland by 2018.

Premier Inn has more than 200 target locations for new hotels across the country.  Its latest requirements are available at: http://www.whitbread.co.uk/global/property-and-suppliers.html.

Since March 2012, Whitbread has created more than 3,000 new jobs across the country and plans to create 12,000 new roles over the next five years as it expands its Premier Inn, restaurant and Costa brands.

 

For further information, please contact:

James Anderson or Ben Copithorne at Camargue: Tel: 020 7636 7366

Email: janderson@camarguepr.com/ bcopithorne@camarguepr.com

 

Notes to Editors

About Premier Inn:

Award-winning Premier Inn is the UK’s best value hotel brand with over 650 hotels and more than 52,000 rooms across the UK and Ireland.  Premier Inn bedrooms feature en-suite bathrooms, TV with Freeview, and WiFi Internet access. All Premier Inns feature a bar and restaurant, situated inside the hotel or adjacent, offering a wide range of food choices.   

About Whitbread:

Whitbread PLC is the UK’s largest hotel and restaurant group operating market-leading businesses in budget hotels, restaurants and coffee shops.  Its well-loved brands are Premier Inn, Costa, Beefeater, Brewers Fayre, Table Table and Taybarns.

Whitbread PLC employs over 40,000 people globally and serves over 22 million customers every month in over 2,000 outlets* across the UK.

Whitbread has outlined five-year growth milestones (to 2018) to increase the number of Premier Inn UK rooms to at least 75,000 and to double the size of Costa with global system sales of £2bn.

In the year ended 28 February 2013, Whitbread PLC reported a 14.2% increase in Group Revenue to £2,030 million and Underlying Profit before tax of £356.5 million up 11.4%.

Whitbread PLC is listed on the London Stock Exchange and is a constituent of the FTSE 100. It is also a member of the FTSE4Good Index.

*excludes Costa Franchise stores and Costa Express