Jury’s Inn is spending opening four new hotels across England and Scotland in a £90m investment with development partner McAleer & Rushe.
Jury’s said the new hotels were the ‘launch pad’ for an accelerated growth strategy which is looking to benefit from a trend for business users to stay in cheaper hotels when they travel, and from British holidaymakers staying in the UK.
Simon Jones, Jury’s Inn development director, said: ‘We plan to grow the business aggressively this year and are seriously exploring the new site opportunities emerging from the changing UK property market.
‘Developers and land owners struggling with residential or commercial projects will get a positive reception from us as we seek well located sites in prime London locations and in provincial cities to deliver our ambitious future growth plans.’
Last week Property Week revealed Jury’s Inn would be opening the hotel in Bradford as a part of a major mixed use scheme being developed by McAleer & Rushe.
In Newcastle it will open a 200 room hotel next to Baltic Mill in the Quayside area of the city.
Jury’s Inn will open a 230 room hotel on Lancefield Street next to Glasgow’s convention centre as a part of a missed use leisure and retail scheme.
It will also open a 200 room hotel at Station Square in Portsmouth.
The hotels, which will be operated on long leases, are expected to open in 2010.