New lease of life for seafront hotel
Work on the transformation of an iconic seafront hotel has taken a step forward.
Northern pubco The Inn Collection Group has made its North Tyneside debut with the acquisition of iconic art deco site The Park Hotel in Tynemouth, overlooking the famous Longsands beach.
The expanding pubs with rooms group has completed on the 53-bedroom venue on Grand Parade in an undisclosed deal to take the number of establishments it owns to 22, including The Commissioners Quay in Blyth.
Sean Donkin, managing director of The Inn Collection Group, said: “We are absolutely delighted to be welcoming The Park into our pubs with rooms family.
"With its location alongside one of the UK’s most popular beaches and proximity to Newcastle, it’s a great fit with our brand, offering customers stunning places to eat, drink, sleep and explore from in outstanding locations across Northern England.
“We’re excited to have established a new presence in North Tyneside with a site as unique and dynamic as The Park.
"It has been a long-term target and we are looking forward to developing the site with a view to maximising the opportunities presented from its location, potential offering and local environment.”
The Park Hotel – which underwent a £3million refurbishment in 2018 with previous owners – will remain closed in the short term while a complex redevelopment of the site is planned ahead of a major investment in the site by the group.
Now The Inn Collection Group has appointed chartered building surveyors and specialist project managers Silverstone Building Consultancy to oversee the transformation.
The purchase of The Park comes after The Inn Collection Group completed on prestigious lakeside venue The Wateredge Inn in Ambleside, Cumbria, last month.
The Alchemy-backed group, which is supported with banking from OakNorth, will continue to roll out its ‘buy and build’ freehold growth plans.
The Inn Collection Group has launched a 200-job recruitment campaign.
Its Eat, Drink, Sleep and Explore pubs-with-rooms brand includes food and drink venues that are open daily, all year round, with serviced AA Gold three and four-star accommodation.
The Inn Collection Group were advised by Imogen Holland, Corporate Partner at Newcastle-based law firm Ward Hadaway, and Neil Hart, Managing Director at Bradley Hall, on pre-acquisition diligence.