Deansgate Securities agrees Boddingtons brewery hotel pre-let

  Deansgate Securities, a joint venture between Ask Developments and Yousef Tishbi’s Realty Estates, has agreed a pre-let with budget hotel chain Travelodge for a 200-bed hotel on the former Boddingtons brewery site in Manchester.   The letting is the joint venture’s first at the 7.4-acre site, located to the north of central Manchester, which it bought in 2006 with funding from HSBC.   The former brewery site is located near to Victoria Train station, and close to Ask’s 32-acre mixed-use Greengate site, Salford.   Deansgate plans to submit a planning application this month for the HKR architects-designed hotel, and plans to be on site by July. The hotel is due to open in June 2011.   Travelodge has taken the hotel on a 35-year lease.   Tony O’Brien, group property director at Travelodge, said: “The Boddingtons site is a great location, benefiting from a strong business market as well as the MEN Arena which is one of the busiest concert venues in the world.   “This hotel reflects our strategy of developing in high profile locations in the UK’s leading city centres.”    daniel.cunningham@estatesgazette.com