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Premier Inn checks in at £15million HDD development

19th April 2018

Leading hotel chain Premier Inn has today been confirmed as the first occupier of a £15 million development in Kent in a pre-let agreement with Henry David Developments (HDD).

The announcement comes shortly after HDD revealed it had exchanged contracts to acquire three plots of land for development south of the historic market town of Faversham.

Subject to planning consent, the Ashford Road development will include a small foodstore an 84-bedroom Premier Inn hotel, and a 66-bedroom high-quality care home for the elderly.

Dozens of jobs for local people will be created during construction and at the new facilities once the project is completed. The Premier Inn alone is expected to create approximately 32 new jobs once open and trading. HDD hopes to start on site in Q4 this year, with practical completion expected in late 2019.

HDD has exchanged contracts to acquire the land from Hallam Land Management, part of the Henry Boot Group and Vendors FK Kemsley & Sons Ltd, who were jointly advised by Strutt & Parker.

The site is adjacent to a residential development being delivered by national house builder Barratt Homes. They are due to start building the first of 310 new homes later this year.

Project director Kevin Foster said: “To have secured a pre-let agreement with Whitbread for a new Premier Inn at this very early stage of the development clearly demonstrates its enormous appeal. We have taken an important step forward towards delivering first class new facilities for the people of Faversham and surrounding area.

“We are in the process of agreeing two further pre-lets with highly respected companies who will provide a foodstore and care home, giving this historic market town an enormous boost alongside the new homes being built nearby.”

Derek Griffin, Head of Acquisitions – London and South & East England at Whitbread, said: “This is another excellent location for our guests and adds to our growing Premier Inn national network.  We want to bring our investment and commitment to making this development a great success and are really looking forward to coming to Faversham as part of this exciting scheme.”