Overview
Cycas Hospitality acquired the Staybridge Suites Newcastle in October 2016. Cycas now manages 80% of the Staybridge Suites hotels in Europe underlining their positioning as the leading European experts in the extended-stay sector. Interest in the property was keen and evidences the strength of regional UK trading levels and the demand for branded extended-stay hotels.
Newcastle is a thriving metropolis and has invested over £250m transforming its cultural infrastructure. It is well positioned on the high-speed East Coast mainline so most of the UK’s city hubs are just a short train ride away. New intercity trains are also due to run between Liverpool and Newcastle by December 2017. Its accessibility, skilled workforce and the presence of strong international companies make Newcastle a natural fit for the extended-stay hotel market.
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