The old library site in the town centre is set to be transformed by two new hotels if cabinet agree a proposal at their meeting on 27 June.
The old library site has been earmarked for regeneration for many years and detailed proposals have been prepared following the council buying back the site in 2015.
The proposal is for two hotels under one major hotel operator and in one building; with a 144 room short-stay hotel occupying from the ground to the fifth floor and a 92 room long-stay hotel on floors six to 10.
The proposals also include a ground floor restaurant and bar and the leasing of a part of the Burlington car park to provide hotel visitor parking.
And there would still be space on the site for another development which could be either an office or residential development.
The development would be provided through Slough Urban Renewal (SUR) the development partnership between the council and Morgan Sindall Investments Limited.
Stephen Gibson, head of asset management said: “All the independent advice we have been given says this site is ripe for a hotel and leisure development with there being a market for both short-stay modern accommodation and long-stay more corporate facilities.
Major Player in the Hotel Industry
“We have already been in discussions with a world-wide hotel operator with an excellent covenant and are looking forward to seeing this proposal become a reality.”
Alastair Gourlay from SUR said: “SUR was set up to deliver the Council’s ambitious regeneration plans and this is a major step forward in making that a reality. We are delighted to be able to enhance the hotel offer in Slough.”
Councillor Zaffar Ajaib, commissioner for housing and urban renewal, said: “This proposal will be a major trigger for increased regeneration in the centre of Slough and with the restaurant space and increased occupation of the area it will have a positive impact on the evening economy.
“I am excited by the proposal and will be recommending it to the cabinet.”