Inception Reading, a vehicle operated by asset manager Moorgarth Group, has gained planning consent for a hotel and restaurant at Reading’s Broad Street Mall.
The application for a 101-bedroom Premier Inn hotel and ground floor, 150-cover Bar+Block restaurant was approved by Reading Borough Council.
Gary Lewis, managing director at Moorgarth Group, said: “This is an exciting step forward in the rejuvenation of Broad Street Mall and the first phase of the regeneration of Hosier Street. Recently a number of key retailers have committed to the centre and plans are underway to broaden the leisure offer.”
Inception acquired the shopping centre and adjoining office building Fountain House in 2015, and commenced a full refurbishment in the following year.
Moorgarth also recently gained permission from the planners a new food hall concept at the southern side of the centre.
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