Orchard Street buys £38m hotel double

By Frances Ivens2018-12-12T17:00:00

Orchard Street has completed the purchase of two hotels in Newcastle from Union Property Development for £38m on behalf of its St James’s Place fund.

The investment manager has bought the Travelodge Quayside hotel and completed the forward funding of a Melia hotel development, which should be completed in 2020, .

This content is only available to registered users

You must be logged in to continue

Would you like to read more?

Try Property Week For Free to finish this article.

Unlimited access to Property Week
Breaking news, comment and analysis from industry experts as it happens
Choose from our portfolio of email newsletters

To access this article TRY FOR FREE NOW

Don’t want full access? REGISTER NOW to read this article and up to 3 more this month and subscribe to our newsletters.

Registered users and subscribers SIGN IN here to continue