1. ITV Report

Milton Keynes targeted for new £8.7 million budget hotel

EasyJet founder Stelios Haji-Ioannou, in a bedroom of his first easyHotel. Credit: PA

They're already one of the leading low cost airlines, now Luton-based EasyJet is planning to expand its budget hotel business by opening a new 8.7 million pound branch in Milton Keynes.

EasyHotel announced they'll be transforming an office block in the centre of the town into a 124-room hotel.

It's expected to open in mid-2019.

Norfolk House on Silbury Boulevard already has planning permission to be partly-converted Credit:

easyHotel chief executive Guy Parsons said they are "delighted" to have secured this site in Milton Keynes.

"Now in its 50th year, the town is home to many international businesses, has the third highest business start-up rate of any UK city and boasts an impressive range of shopping and leisure facilities.

"This acquisition is part of our ongoing strategy of offering comfortable, affordable accommodation in key tourist and business locations in the UK and internationally."

The group is also building new hotels in Barcelona and Ipswich, which are set to open this summer.