Premier Inn walks away from Newport hotel development

Premier Inn has pulled out of plans to develop a 60-room hotel in Newport city centre.

The site, which was a former Yates bar, was granted planning permission in 2012 but has seen multiple delays since. It was originally set to open in 2015, pushed back to 2016, then again to April this year.

Then, earlier this year, developers met with Premier Inn representatives to discuss recent concerns raised about the noise levels of nearby club, Warehouse 54.

Site developer Richard Hayward was given £450,000 by the Welsh Government to refurbish the site. It is also reported that £1.4m was spent buying the site and clearing asbestos.

In April, Hayward told the BBC that the building would be worth £2.5m less if Premier Inn pulled out.

A spokesperson for Premier Inn said: “Unfortunately the developer at this site has been unable to deliver the specification, which we had originally reached an agreement on in 2012, before work started on the site in January 2015.

“It is unfortunate that the developer has ultimately not been able to overcome the barriers to its successful delivery and therefore Premier Inn is reluctantly withdrawing from the scheme.”

They added: “Premier Inn still believes that Newport is an exciting location, and remains interested in potential sites in the town should they become available.”

The post Premier Inn walks away from Newport hotel development appeared first on Hotel Owner.

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