In this paper, we propose a simplified and robust model for Place cell generation based on the Oscillatory Interference (OI) model concept. Aiming toward hardware implementation in bio-inspired Simultaneous Localization and Mapping (SLAM) systems for mobile robotics, we base our model on logic operations that reduce its computational complexity. The model compensates for parameter variations in the behaviors of the population of constituent Theta cells, and allows the Theta cells to have square-wave oscillation profiles. The robustness of the model, with respect to mismatch in the Theta cell’s base oscillation frequency and gain—as a function of modulatory inputs—is demonstrated. Place cell composed of 48 Theta cells with base frequency variations with a 25% standard deviation from the mean and a gain error with 20% standard deviation from the mean only result in a 20% deformations within the place field and 0.24% outer side lobes, and an overall pattern with 0.0015 mean squared error on average. We also present how the model can be used to achieve the localization and path-tracking functionalities of SLAM. Hence, we propose a model for spatial cell formation using Theta cells with behaviors that are biologically plausible and hardware implementable for real world application in neurally-inspired SLAM.