A major redevelopment project in Newcastle which would feature a new boutique hotel is now more likely to go-ahead after getting financial backing from the Council.

A 60 bedroom boutique hotel will be built alongside a 250 bed four-star hotel in the Stephenson Quarter regeneration.

The 10 acre mixed used site will also feature restaurants, residential apartments, exhibition space and commercial offices.

The Journal Live reports that a new funding package has been agreed which will see Newcastle Council borrowing £30 million, with some of that being loaned to the developer, Silverlink Holdings, to build the four star hotel – which will be operated by Crowne Plaza – and the rest used to buy up plots of land close to the site which is adjacent to Newcastle Central Station.

Rob Powell

Editor of BoutiqueHotels.co.uk

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