A joint venture of Development Securities and Wessex Investors has has secured planning consent for development of a 70-bed hotel at Atlantic Park in North Devon, England.
A joint venture of Development Securities and Wessex Investors has has secured planning consent for development of a 70-bed hotel at Atlantic Park in North Devon, England.
The hotel was pre-sold to Premier Inn, the UK listed group said, without disclosing financial details.
The new development will be located adjacent to Development Securities’ Atlantic Village, a 110,000 sq ft (10,200 m2) retail scheme which includes Marks and Spencer, Gap and Nike, and will include a drive-through restaurant, pre-sold to McDonald’s.
'The development at Atlantic Park will serve to increase critical mass at this leisure and retail destination,' the company said.
Dev Secs recently announced it was granted consent for a 104,000 sq ft extension to the Atlantic Village leisure and retail destination.
