Cash secured for Newcastle boutique hotel development

Eldon-Chambers_Quayside-hotel

A refurb project of a Grade II listed building in Newcastle to be turned into a boutique hotel has secured funding.

A report from chartered surveyor and property agent Bradley Hall announced that the renovation of the four-storey Eldon Chambers will be part funded by the landlord.

Planning permission was recently secured to convert the building into a new boutique hotel, with bar and restaurant and rooms boasting view over the River Tyne, giving fresh life to a four storey building which has only ever provided office space since its construction more than 180 years ago.

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Plans for the hotel were drawn up by Newcastle interior design firm Collective Design.

Neil Hart, managing director at Bradley Hall, said: “Eldon Chambers is a fabulous opportunity for a leisure operator. This is a beautiful building, with great character, that will make a perfect boutique hotel in a great city location.

“Our client, the landlord, has confirmed they will part fund the fit out, making this an opportunity not to miss for investors. The level of funding support will be determined and agreed once any refurbishment costs and plans are fully itemised.”

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