Proposals by Ask:PATRIZIA for a £48m hotel at the centre of the exciting Gateshead Quays development have been approved.
The nine-storey, dual-branded hotel comprises 344 rooms, business meeting rooms, bars, restaurants and a gym, and will operate both Novotel and Ibis hotel brands when open.
The hotels have been designed by AHR Architects and will occupy a vacant 0.5-acre site on the Baltic Quarter at the corner of Quarryfield Road and Hawks Road. They will be managed by Vine Hotels and operated by Accor.
It is estimated that the hotel development alone will generate over 75 new full time hospitality jobs, accommodate 210,000 visitor nights a year and make a contribution of over £13m to the local economy.
The hotel scheme is part of the developer’s £300m Gateshead Quays leisure scheme on the banks of the River Tyne, opposite Newcastle city centre. The hotel was originally earmarked for development beside the Sage International Conference Centre, but has been moved to its new location to open up the former hotel site as a public landscaped park.
A planning application for the park will be submitted following a separate public consultation.
Ask:PATRIZIA is a joint venture between Ask Real Estate Limited and PATRIZIA AG, the pan-European real estate investment partner, for the development of Gateshead Quayside.
Ask Real Estate Limited
Established in 2000, Ask has built a reputation for being a leader in multi-partner developments, featuring some of the most creative and bold concepts in regeneration, enjoying outstanding working relationships with both the public and private sector. The Manchester-based company now boasts a portfolio of 20 separate projects, comprising over 3 million sq ft of floorspace and generating an end value of £800 million.
While Ask is proud of its rich heritage in the North West, it has expanded into other regions having been chosen by Gateshead Council to partner with them on the delivery of The Sage (NewcastleGateshead), One Strawberry Lane in Newcastle, the 70,000 sq ft HQ for housing association Home Group and is also on site with phase 1 of Tower Works, a 245 unit BTR scheme in Leeds city centre.
Ask Real Estate is majority owned by the Richardson family business.