Stockton city council considers investing in Hampton by Hilton

Hampton

In the northeast of England, the town of Stockton may get its first Hilton Hotel. The city council will meet next week to debate investing £17 million to build 125-room property, which the council would then own.

A report to cabinet cites "positive economic growth" in the Stockton area, and emphasizes the need for a limited-service branded hotel. “We are already seeing a growing demand for corporate overnight stays with midweek occupancy at 95 percent in hotels across the Tees Valley and there is a shortage of internationally branded hotels," said the council’s cabinet member for regeneration and transport, councillor Nigel Cooke. “Similar business models are in place elsewhere in the country and are proving to be very successful.”

The last large hotel in the town closed in 2009 during the worst of the economic downturn.

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If the proposed hotel goes through, Interstate United Kingdom Management will be the preferred management company for the council. Detailed design work would begin this coming autumn, and the hotel would be expected to open in late summer 2018.

Source: Gazette Live

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