Aiyawatt Srivaddhanaprabha - Leicester chairman - said: "The unveiled plans represent a significant milestone, in the long history, of Leicester City Football Club, one that we hope will continue putting our supporters, and our community, at the center of its long term future. "Through consultation with our supporters, our local community and businesses, we hope that we achieve something that we all can be proud off for years to to come." "It's these discussions that will enable us to communicate our vision with the people at its heart, and take on board our community's views to help shape it. "This vision is still in its early stages but I know that we have long anticipated the prospect for more Leicester City supporters in King Power Stadium. This was especially after seven near-sold-out Premier League seasons." King Power International Thai owners, who purchased the club last year, have made preliminary plans for a 220-bedroom hotel and a multipurpose entertainment and event venue. These developments will be part of the new development of the stadium's surrounding areas. There are also suggestions for new Leicester City retail, residential, and business space as well as multi-storey parking facilities. Srivaddhanaprabha explained, "The plans of building on the club’s latest growth – with the stadium expansion as an exciting larger site development – is a wonderful illustration of the shared vision of both The Football Club and Leicester." Sir Peter Soulsby the Mayor of Leicester said that the ambitious plans reflect the club’s commitment to the community and its constant desire to build upon its extraordinary achievements. In December, Leicester re-located to the PS100m training compound that houses both the academy and men's first teams.