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The investment will see a 50-bedroom hotel built side by side with the Table Table restaurant. Together, the scheme is set to create approximately 65 jobs and is scheduled to open in early 2011.
John Bates, head of acquisitions for Whitbread Hotels & Restaurants, said: "Premier Inn is the most successful budget hotel operator in the UK today and we want to ensure that ongoing success by investing in key network gap locations – Rugeley is one of these. This deal enables us to bring Premier Inn to Towers Business Park which is a great opportunity for us and a superb scheme to be involved in.
"The support from Advantage West Midlands has been invaluable and we have been delighted by the partnership approach on this project. Now, we're looking forward to getting started on construction within the next few weeks, recruiting for new roles and opening for our customers in early 2011."
Steve Holland, AWM Head of Asset Management, added: "This is one of the last pieces of the jigsaw slotting into place. We have worked with partners to invest more than £10 million on making this former colliery site ready for high quality office, industrial and warehouse space."
Premier Inn, which currently has 593 UK hotels and 42,500 rooms, aims to have 55,000 rooms by 2014.
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