Gateshead Quays - Hotels
Report of the Acting Strategic Director, Economy, Innovation and Growth
Minutes:
Consideration has been given to the proposed hotel arrangements on the Gateshead Quays development.
|
RESOLVED - |
That the development of a dual branded hotel at Gateshead Quays be approved in principle, under a hotel management agreement structure, in accordance with the proposed heads of terms with the brand and operator, as set out in the report, and the Acting Director, Economy, Innovation and Growth be given delegated authority to agree the detailed terms in consultation with the Strategic Director, Corporate Services and Governance and Strategic Director, Resources and Digital.
|
The above decisions have been made for the following reasons:
|
|
(A) To bring forward the regeneration of Gateshead Quays and ensure there is appropriate hotel provision relating to the development.
|
|
|
(B) To ensure the proposed hotel brand and hotel operator inform the design process, helping to optimise the hotels construction and operation.
|
|
|
(C) To ensure there is a long-term commitment from the proposed brand and operator to provide confidence in the delivery of the scheme and assist securing development finance.
|
|
|
(D) To manage the assets of the Council’s non-operational portfolio in line with the Corporate Asset Strategy and Management Plan 2015-2020. |