Holiday Inn Express has recently announced that it plans to open up a new venue as part of the Stockport Exchange regeneration scheme after reaching an agreement with Stockport Council.

The contract was also witnessed by Muse Developments , which will be overseeing the whole project, with InterContinental Hotels Group signing as the owners of the popular UK hotel chain.

The hotel will be a 115-bedroom venue which will open in 2017. It has been highlighted as a key element of the redevelopment process for the Stockport Exchange, which has already seen construction commence.

Bosses and designers have already expressed that the project will reflect Stockport’s vast history, which will include vertical fins as a reference to the town’s Grade II Listed Victorian market hall.

The Stockport Exchange will be located within walking distance of the town’s train station and is set to provide a new business hub and commercial district for the town, which is close to Manchester.

As part of this new business district, there will be the development of up to 375,000 square foot of office space. Manchester-based businesses will be keeping a close eye on news about these office blocks, as it could prove to be a popular area for relocation.

The hotel and a five-storey building containing 50,000 square feet of office space will be constructed as part of the second phase of this scheme, alongside a pedestrian realm, which is due to be constructed in the very near future through to completion in the autumn of next year.