There are two hotels very close to the university:

 

The nearest hotel is the Delta Marriott, which is directly across the main road from the university campus.

 

The second closest is Kents Hill conference centre. This is frequently used for university events and visitors to the university commonly stay here.

 

A little further away from the university is Woughton House. It is a 20-minute walk to the university through the park.

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There are many hotels in Milton Keynes city centre, although these will require taxi journeys, whereas the three above are all in walking distance.