pounds 6m hotels plan

ORIEL LEISURE, the UK budget hotel company, is planning a pounds 6m development of two Holiday Inn Express hotels on sites it has bought in Peterborough and Canterbury.

Oriel intends to develop, and subsequently operate, a minimum of 20 budget hotels in the UK over the next three years.

The company has a franchise agreement with Bass Hotels & Resorts to build and operate Holiday Inn Express hotels in the United Kingdom.