Budget hotel group Easyhotel has announced plans for a new town in Milton Keynes.

The group has acquired the leasehold of Norfolk House, an office block on Silbury Boulevard close to the town’s main shopping centre and around one mile from Milton Keynes Central station.

Plans for the £8.7 million development call for a 124-room hotel, scheduled to open by mid-2019.

Easyhotel recently opened a Newcastle property, and currently has hotels under development in locations including Barcelona, Leeds, Sheffield and Ipswich.

The group comprising of a mixture of owned and franchised properties, totaling 26 hotels and around 2,350 rooms.

Commenting on the news Easyhotel’s CEO Guy Parsons said:

“We are delighted to have secured this site in Milton Keynes. Now in its 50th year, the town is home to many international business, has the third highest business start-up rate of any UK city and boasts an impressive range of shopping and leisure facilities.”