WORK on a £15m easyHotel in Summertown is now under way.

The city council gave planning permission for the 180-bedroom hotel in Banbury Road last year, despite a number of objections, including one from the headteacher of nearby Summer Fields School.

Building work is now well under way and easyHotel has confirmed that the hotel is due to opening in its 2020/21 financial year, which will be from October 2020.

READ AGAIN: easyHotel's Summertown plan could give high street a boost

The progress on the project comes after easyHotel plc issued a trading update for the six months leading up to March 31.

Highlights included total system sales up 24 per cent to £19.9m, and revenue up 47 per cent to £7m.

Oxford Mail:

Guy Parsons, CEO of easyHotel plc, said: “Ongoing political and economic uncertainty continues to impact consumer confidence as demonstrated by weakening quarter-on-quarter demand across the market, both in the UK and in Europe.

READ AGAIN: easyHotel in Summertown is approved

“However, our actions to drive occupancy, including working closely with on-line travel agents to increase brand awareness, has meant that easyHotel has continued to outperform its competitors as consumers seek out the best value for money.

“Subject to our continued overall market outperformance as we enter our key trading period and whilst mindful of the ongoing uncertainty, the board expects the outturn for the current financial year to be in line with its expectations.

Oxford Mail:

“We remain focused on our strategic priorities and believe the current economic uncertainties will present attractive investment opportunities to continue to expand our development pipeline in our target destinations, creating value for our shareholders and underpinning the long-term growth of the brand.”

The arrival of easyHotel in Summertown is another boost to the budget hotel market in the city.

Although Oxford has plenty of boutique hotels and luxury hotels, tourism bosses have been concerned for a number of years that there were not enough budget hotels.

Now easyHotel is being built, and this is in addition to the well established Travelodge in Abingdon Road.

A Premier Inn is also to open opposite the Westgate Centre, plus a Marriott is being built in Paradise Street.

Principal contractor Acheson has now started preparatory work at the Banbury Road site.