The housing slump and economic malaise has led property developers to sell a 25 year lease in Greenwich High Road to Travelodge rather than go ahead with a planned residential development. The site had been earmarked for 14 luxury apartments by City and Surburban Homes, but with the property market firmly in the doldrums, the owners have instead opted to lease it to the budget hotel chain, Travelodge.
The forthcoming Travelodge is not the only new hotel coming to Greenwich – we reported in August that Whitbread are planning a 197 room Premier Inn.
See a list of hotels in Greenwich