A BUDGET hotel chain is hoping to partner up with the council to build a new hotel in Fareham.
Travelodge has written to Fareham Borough Council to propose a development partnership to finance the construction of the hotel.
By borrowing money from central government via the Public Works Loan Board, local authorities can regenerate surplus land and generate profits on its investment.
Travelodge has already opened two hotels via this programme in Aylesbury and Eastleigh.
Paul Harvey, MD from Travelodge, said: ‘Working with local councils in this way has been a great experience for us and as a result of these partnerships, we have written to 124 councils to see if we can work on a similar partnership.
‘If Fareham Borough Council has suitable land or assets in a location viable for a hotel, then we would be delighted to work with them to help boost their local economy, create new jobs within the community and generate a good return for their investment.’