UK: The team behind the Watergate Bay Hotel in Newquay have signed a deal with developer Urban Splash.
The deal is for the lease of the Melville building at Royal William Yard in Plymouth, which will be converted in to a 60-bedroom boutique hotel with swimming pool, two restaurants, members’ club and events space.
Watergate Bay Hotel will invest around £18 million in to the property which is expected to open in 2015., with work due to start early next year.
Will Ashworth, Watergate Bay Hotel managing director, said: “When we first arrived at Royal William Yard and saw the potential of the Melville building, I immediately knew we could create something really exciting. We have a distinctive approach to hospitality and ‘active relaxation’ lies at the heart of what we do. Our north Cornwall hotel has its own special sense of style and tone, and our aim is to take this and develop it in a way that is right for Royal William Yard. We are keen to create a business that plays a significant part in the plans for the regeneration of Plymouth.”
Nathan Cornish of Urban Splash said: “This is a significant milestone in our redevelopment of Royal William Yard and we are very pleased at entering into an agreement with Watergate Bay. It has long been our intention to bring a quality hotel operator to the Yard and this announcement is a big step in making this a reality. There is lots of hard work ahead before the scheme gets on site and we look forward to working with Watergate Bay through the planning and development process to further realise our vision of a thriving mixed use community.”