Key Facts
To be developed in partnership with Best Western Hotels
- Located immediately in front of the entrance to the Middlebrough railway station in the heart of the city centre.
- Building to be converted into serviced accommodation in conjunction Best Western Group with their @Home brand.
- The hotel will feature 31 luxurious bedrooms, a gymnasium, and a welcoming reception area, balancing modern hospitality with the charm of this historic site.
- Full planning permission granted in February 2025.
- Timeframe - 12m
- Purchase price – £949,500
- Development cost – £1,395,000
- Total development cost - £2,344,500
- GDV – £4.8m
- Development profit - £1m