Manchester Airports Group, owners of Stansted Airport, has plans to double throughput from the existing approximately 20 million passengers per year, including adding new long-haul destinations.
Urban & Civic plans to build an adjacent hotel with direct pedestrian access into Departures at Stansted Airport. ԭ is scheduled to start in July 2015.
Conditional contracts have been exchanged for Urban & Civic to acquire the virtual freehold of a two-acre site for £8m.
The hotel will be operated under a major branded franchise and the target is to be open for Christmas 2016.
Urban & Civic executive chairman Nigel Hugill said: “Development of a new 330 bedroom on-terminal hotel at Stansted is further demonstration of an unequivocal positioning towards consumer facing investment in identified regional UK locations where real disposable incomes look set to rise.”