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Business & Economy

New boutique hotel planned for Newcastle Helix

Plans have been revealed for a new boutique hotel on Newcastle’s urban innovation district, Newcastle Helix.

The £18 million scheme is being brought forward by international developer, Vastint Hospitality, who invests in major business locations and currently has more than 80 hotels across the world.

Vastint has entered into an agreement with Marriot International to bring the latter’s millennial-focused brand, Moxy Hotels, to the North East.

The Moxy Hotels brand was launched in 2014 with the opening of Moxy Milan and has since expanded to location including London, Parid and New York.

After seeing the potential of Newcastle, Vastint is looking to design, build and operate a hotel on Newcastle Helix. EJ Hales is the agent acting for Vastint in this land acquisition.

As well as offering office space for science, tech and healthcare businesses, Newcastle Helix hosts a number of business events, exhibitions and conferences bringing in visitors and speakers from across the globe.

This new hotel will add to the visitor experience and is position in the heart of Newcastle city centre.

This will be the first Moxy Hotel in the North East and will look to offer 160 hotel rooms over 7 floors.

Combining stylish design at an affordable price, the Moxy will bring a new style of hotel to Newcastle.

Tourism is the fourth largest sector in the North East, and worth more than £1.75 billion to Newcastle and Gateshead’s economy each year and supporting in excess of 20,000 jobs.

As well as bring much needed jobs to the region this new hotel will enhance the city’s offer to the millions of business and leisure visitors who return every year.

Sarah Green, chief executive of NewcastleGateshead Initiative, said: “This new hotel in the heart of our city centre will be surrounded by innovation, businesses, people, and culture.

“Newcastle Helix is such an asset to our region, playing an instrumental role in driving new investment, influencing business relocation decisions, and creating a place where people can live well.

“This new investment will support us with the recovery of our economy and further position Newcastle Helix as a place to live, work and enjoy.

“The COVID-19 pandemic continues to affect the tourism industry across the world, with our venues closed and events having to be postponed and cancelled, but people and businesses will return.

“Newcastle and Gateshead have worked hard to grow our visitor numbers to more than 18 million every year and this investment is a signal of confidence and great news for the industry”

Councillor Ged Bell, cabinet member for employment and culture at Newcastle City Council added: “This hotel is a milestone in the story of Newcastle Helix and comes at a time when creating jobs has never been more important as we recover from the pandemic.

“Business leaders, academics and experts travel from all over the world to attend conferences, study, work and enjoy our wonderful city, so a hotel would be well suited to the site.”