A 115-bed Holiday Inn Express hotel will form a key part of the Stockport Exchange development’s second phase, after a “major milestone” agreement has been completed.
Muse Developments and Stockport Council, which are behind the mixed-use scheme to create a new gateway for Stockport town centre, have finalised the move with InterContinental Hotels Group (IHG).
Due to open in 2017 the hotel, referencing the town’s Grade II-listed Victorian market hall as it incorporates vertical fins into its design, will also be accompanied by a 50,000 sq ft, five-story office building and pedestrianised public space in the second phase, which started on site in September.
Wes Erlam, development director at Muse, says: “This agreement is a major milestone in the delivery of an exciting new mixed-use business district for Stockport. To have attracted an internationally-renowned hotel brand like Holiday Inn Express is great news for the town and for Stockport Exchange.
“It is important to have complementary amenities as part of the Stockport Exchange scheme. We already have the benefit of the pool and gym next door. The addition of a Holiday Inn Express constructed to the very latest design standards will be a great asset for the scheme, future occupiers and the town as a whole.”
Situated next to the town’s train station, the major Stockport Exchange project will create up to 375,000 sq ft of office space and 28,000 sq ft of commercial floor space once fully complete, and is part of the council’s wider ‘Investing in Stockport’ regeneration programme.
Councillor Patrick McAuley, executive member for thriving economy at Stockport Council, adds: “We are thrilled to welcome Holiday Inn Express to our community here in Stockport at an exciting time for the town. Their arrival dovetails nicely with our other development projects such as the Redrock leisure development and the Town Centre Access Plan, where work will see our vision for a revitalised town centre become reality. Further announcements about these investments will be coming soon.”
Completion of the Stockport Exchange’s second phase development is due in autumn 2016, and follows last year’s completion of the first phase – a 1,000 space multi-storey car park operated by NCP.
Cushman & Wakefield and CBRE are appointed as joint agents for the scheme.