Decision details

The Cabinet will be asked to approve the entering into of a new Development Agreement with Travelodge relating to the funding of conversions works to the vacant ground floor retail to provide an additional 15 hotel rooms.

Cabinet resolved to:

(i)  Approve the entering into of a Development Agreement with Travelodge in respect of the conversion of the vacant ground floor retail space at the Dagenham East site into 15 additional hotel rooms (Option 1), in line with the terms set out in Appendix 1 to the report;

(ii)  Authorise the Strategic Director of Resources, in consultation with the Cabinet Member for Finance, Growth and Core Services and the Cabinet Member for Regeneration and Economic Development, to agree final terms for the Development Agreement (including the capital contribution), the agreement for lease and the new lease; and

(iii)  Delegate authority to the Head of Legal to execute all the legal agreements, contracts, and other documents on behalf of the Council in order to implement the arrangements.