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News Release

Exeter

Hotel Boom Creates Hundreds of New Jobs in Exeter

Jones Lang LaSalle delivers 85 percent of city’s new hotel beds helping to create 500 new jobs


Exeter, 26th March 2012 -  A hotel boom is being driven in the city of Exeter by the big corporate chains and has already created a substantial amount of jobs, reports John Kinsey, head of the south west team for Jones Lang LaSalle Hotels.

John Kinsey says: "Five years ago, we predicted that 700 new bedrooms were required in the market within the city of Exeter to take up an outstanding demand for accommodation. During this time, we are proud to have been responsible for bringing a number of major chains to Exeter.
 
"Our involvement in the drive for new hotels began with the acquisition of the land for the new Jury’s Inn. This was then followed with the acquisition, on behalf of Premier Inn, for the land at St David’s Station for the new site that opened in 2011 for a further 103 bedrooms. Acting on behalf of the airport, we also advised on the sale of the land to Sanguine who are now constructing a 120 bedroom Hampton by Hilton and we have just acquired and formalised planning on the site at Dean Clarke House for a further 120 bedrooms by Premier Inn."
 
He continues: "A further acquisition we have been involved in is land at Honiton Road, adjoining Exeter Business Park, where planning is being heard shortly for a further 100 bedrooms. This, along with extensions to the Southgate Hotel, the Holiday Inn Express at Exeter Business Park and the Travelodge at the services we believe the new rooms either completed, under construction or awaiting planning with end-users to 700 bedrooms."

Kinsey continues: "If we got anything wrong in our predictions, we probably underestimated the numbers required.  There are two further outstanding planning permissions, one at the science park and one at Skypark, and now with the improvements to Junction 29, and works well underway at Cranbrook, these will deliver two further hotels for the city.
 
"This underlines the city as both a business and leisure destination and proves, not only to the region but the rest of the country, that Exeter remains very much open for business."