An article by  Jonathan Schofield published on August 12th 2013 on the Manchester Confidential website explained that, "ENGLISH Cities Fund (ECf) has announced that it has signed an agreement with Premier Inn to operate a 143-bed hotel and restaurant at the first phase of the New Bailey development – part of the £650 million Salford Central scheme.  Construction is to begin in September 2013. ... The £12.5 million hotel development, located on a half acre site at the corner of Irwell Street and Stanley Street, will also include a restaurant and bar, capitalising on its south facing, riverside location. The new Premier Inn hotel and restaurant will support the soon-to-be-announced Grade A office and commercial properties at New Bailey."