Maldron, Newcastle Upon Tyne
Sector
Hotel
Beds
265
GDV
32M
Completed
Sept 2018
Overview
The development comprises a 265-bed Maldron Hotel, part of a wider mixed-use regeneration scheme with the Unite Group, located on the site of the former Newgate Shopping Centre.
The hotel represents Dalata’s first Maldron operation in England, featuring an extensive bar area, restaurant, and business meeting facilities.
The six-storey hotel, which includes a vacant retail unit, was subsequently sold by MRP to UK Commercial Property Finance Holdings Limited (UKCPFH), advised by Standard Life Investments, for £32.7 million on a forward funding basis.
