The hotels will be located on the former Central Library site, a landmark location on the A4 between the town centre and the station where Crossrail trains will operate from 2019.
Slough Borough Council acquired the site in 2015 and will finance and own the hotels as a long-term investment, working with SUR to bring forward the development of the site.
The hotel development will be operated by Cycas Hospitality, the specialist extended-stay hotel management company and will include a 144-room affordable lifestyle Moxy Hotel and a 92-room extended-stay Residence Inn, both of which will be operated under a single lease, in the same building.
Roger Parkin, Interim Chief Executive at Slough Borough Council said: “Our innovative and shrewd investment in this partnership project is a win, win for the town. The hotels will not only boost the town centre night time economy and provide jobs but also bring long-term secure income for the council that we can invest in the frontline services we know our residents need and want. Along with our massive redevelopment scheme for the former Thames Valley University site and the opening of The Curve cultural centre last year, this project is further proof of our commitment to regenerating the heart of Slough and being at the forefront of building for the future.”
Paul Thomas, Director of International Hotel Development at Marriott International, said: “We are excited to see this dual-brand project become a reality in what is a high-profile location. It not only represents a landmark first deal with Slough Borough Council, but also the third deal between Cycas and Residence Inn by Marriott in the UK and we look forward to continuing to strengthen these partnerships both here and across Europe.”