UK-based hospitality company Village Hotel Club plans to expand its UK brands from 30 properties to 50 by 2026.

Village Hotel Club will inject 480 million pounds ($616.3 million) to expand its operations over the next eight years.

The company also plans to inaugurate five collections within the next two years.

Village Hotel Club said that the five launches will be located in Southampton, Basingstoke, Cambridge, Milton Keynes and Slough.