UK: Cycas Hospitality and Slough Urban Renewal (SUR) have agreed heads of terms for Moxy and Residence Inn properties.
The dual branded hotel is to be located on the former Central
Library site, on the A4 between Slough station and the town centre,
and will open in Q1 2019.
The development will be operated by Cycas Hospitality and will include a 144-room Moxy Hotel and a 92-room extended-stay Residence Inn, both of which will be operated under a single lease, in the same building.
Andy Howell, general manager of Slough Urban Renewal, said: "We are particularly excited to be bringing two internationally acclaimed brands to Slough in time for the opening of Crossrail in 2019. The delivery of The Curve by SUR has created a perfect site for these two hotels in a key location in the heart of Slough, with unrivalled access to Slough Station."
Eduard Elias, Cycas Hospitality managing partner said: "This is an exciting time to be investing in the heart of Slough. The town is undergoing a huge transformation and will, after the opening of Crossrail, become a real hub between Heathrow and central London. After the success of our dual branded hotels in London Stratford (Holiday Inn and Staybridge Suites), we are now implementing similar dual branded projects in Slough, Manchester and Amsterdam."
SUR is a joint venture partnership between Slough Borough Council and Morgan Sindall Investments Limited. Its purpose is to deliver high quality commercial, residential and community buildings to transform the Borough of Slough.