Basingstoke and Deane Borough Council has agreed to lease a key site within Basing View business district to Village Urban Resorts (VUR) for the development of a Village Hotel Club. VUR will take on a 250-year lease of the 2.3 acre site for the £20 million development as the latest step in a major regeneration of Basingstoke’s central business zone.
At Basing View, Village will deliver a 153 room business class hotel with a business and events HUB, a state-of-the-art health and fitness club, bar and restaurant, plus Starbucks Coffee Shop creating 100 permanent jobs. There are currently 28 Village Hotel Clubs in operation at locations across the UK.
Basingstoke and Deane Borough Council Cabinet Member for Property and Development Cllr John Izett said: “The regeneration of our town centre business district Basing View is vital to the long term economic prosperity of Basingstoke.
“The arrival of a business class hotel on Basing View is an important addition to its existing amenities and helps make it an even more viable and desirable commercial location. Not only will it meet the demand for somewhere for visitors to stay on Basing View close to the town centre, the facilities it brings will also add to the vibrancy of the area after the offices have closed, with a gym and places to eat.”
Iain Stackhouse, Head of Property at Village Hotel Club, added:
“We are delighted with the decision taken by Basingstoke and Deane Borough Council’s Cabinet to ratify the sale of land at Basing View for the development of a 153 room Village Hotel Club.
“We are committed to delivering a business class hotel at Basing View and building on the success of our 28 existing hotels across the UK. We have an aspiration to double that number over the next five years and a Village Hotel Club at Basing View represents an important step towards achieving that ambition.
“A new business class hotel is key to Basingstoke Council’s ambitions for Basing View and Basingstoke more widely, and we aim to be a catalyst to encourage more businesses to move to Basing View.”
The 65-acre Basing View business district, part of a new enterprise zone from next year, is in Basingstoke town centre a short walk from the mainline rail station and just five minutes’ drive from Junction 6 of the M3. It currently houses 100 businesses ranging from start-ups to global corporate companies. Basing View’s continued growth is a key priority for the council and it is vital to the long term economic prosperity of the borough. The council has ambitions to fully regenerate Basing View to provide a business location of regional importance, as well as deliver new jobs and increased GVA in a thriving business district by targeting inward investment, the provision of new commercial development of grade A offices and other ancillary uses.