Hotel plans for Handy Cross Hub progress
Plans are afoot for the sale of the hotel site at Handy Cross Hub (HXH).
A 150-bed hotel, to the west of the Waitrose car park and with easy access to the motorway, is part of landowner Wycombe District Council’s consented masterplan for the Hub.
The council has marketed the opportunity, via commercial agents Savills, resulting in competing bids from investor/operator combinations.
The proposed sale will be considered when cabinet meets on Monday 12 March.
Cllr Steve Broadbent, Cabinet Member for Economic Development and Regeneration, said: “We as a council are working hard to create a thriving economy in the High Wycombe area and across the district.
“Handy Cross Hub is a prime location with great potential for investors to continue to improve the ‘town offer’.
“There is strong investor and operator interest in the hotel site. By taking this step we hope to capitalise upon this and progress with development of another piece of the HXH jigsaw.”
Cllr Broadbent added: “The hotel investment market is a specialist sector, so the funding interest is not from household names. However, each potential investor is in league with a hotel operator, which would bring a known brand to the site.
Work is also continuing at HXH on a day nursery and separate first floor mini-gymnasium space for pre-school children.