Orchard Street buys £38m hotel double

Travelodge Quayside hotel

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 is premium content

You must be logged in to view premium stories.

Gated access promo

Subscribe for full access

Take out a print and online or online only subscription and you will get immediate access to:

  • Breaking industry news as it happens
  • Expert analysis and comment from industry leaders
  • Unlimited access to all stories, including premium content
  • Full access to all our online archive

To get access to premium content subscribe today

Alternatively REGISTER for a free trial to access up to 4 articles and sign up for email alerts

If you are already a registered user or a subscriber you can SIGN IN now