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UK: Eldon Chambers, an 1833 grade-II listed building, is set to be converted in to a 17-room hotel.
UK: Eldon Chambers, an 1833 grade-II listed building, is set to be converted in to a 17-room hotel.
The building has been used as offices for the last 100 years. Planning permission has been secured to convert it into a boutique hotel, with a bar and restaurant.
Neil Hart, managing director at Chartered surveyor and property agent 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.”
The plans were drawn up by Newcastle interior design firm Collective Design. In a statement it said: “With bars, restaurants, hotels and art galleries and a music hall, the waterside regeneration of NewcastleGateshead ties the historic beginnings of the city to its dynamic future. The Quayside itself was once an industrial area and busy commercial dockside serving the area, while the Newcastle side also hosted a regular street market.
“In recent years as the docks became run-down the area has been heavily redeveloped to provide a modern environment for the modern arts, music and culture, as well as new housing developments. With this in mind, the need for hotel accommodation is on the rise as NewcastleGateshead continues to thrive as a city break destination with nine out of 10 hotel rooms full every weekend and almost as many during the week.
“Boutique city centre hotels are becoming increasingly popular with visitors wanting a more luxury stay for their money. The proposal includes plans for a restaurant with a reception and bar area on the ground floor with 17 premium rooms on the first, second and third floors including four executive suites which will appeal to business people who enjoy the extra amenities during longer stays.”
