Deansgate Securities, a joint venture between Ask Developments and Yousef Tishbi’s Realty Estates, has won planning consent for a hotel at its regeneration of the former Boddingtons brewery site in Manchester.
The 200-bed hotel, which has been pre-let to Travelodge, is due to open its doors in summer 2011.
The seven acre site is located to the north of Manchester city centre.
Alan Burke of Ask said: “This decision has been taken while the economy is still fragile and the property market remains subdued.
“It reflects a massive vote of confidence in the site, which is a stone’s throw from the highly successful MEN Arena and Manchester’s primary shopping area, the Arndale Centre.”
