Premier Inn to open hotel in Walsall

  Budget hotel operator Premier Inn has completed a deal to bring a100-bedroom hotel and Table Table restaurant to Walsall Waterfront in the West Midlands.   Whitbread, Premier Inn’s parent company, has acquired the site from Urban Splash in a deal with regional development agency Advantage West Midlands.   Walsall Waterfront is a multi-million pound mixed-use development in Canalside in Walsall.    The deal will see Whitbread invest approximately £7m in the town and is part of the company’s strategy to grow to 55,000 rooms in the UK within four years.   John Bates, head of acquisitions for Whitbread, said: “Walsall Waterfront is an outstanding development and one of the most exciting regeneration projects in the West Midlands.    “Being part of it is good news for Premier Inn and good news for our customers.  What’s more, our investment will bring jobs as well as increased visitor spend to the town, strengthening the local economy and helping Walsall to prosper.”   Nathan Cornish, managing director at Urban Splash, said: “We are thrilled that Whitbread is committed to Walsall and the Waterfront. In a time of economic uncertainty it is reassuring that their business model is robust and they are investing in new sites.   “We are excited about Walsall’s future and this is a great start in our comprehensive plans.”   annabel.dixon@estatesgazette.com   To access all EGi news stories and commercial property data sign up for a free trial today, or visit the subscription options page to find out more.