Newcastle’s Grey Street Hotel in Administration

The Grey Street Hotel is one of the most luxurious and elegant hotels in the city of Newcastle and located in one of the most prestigious areas of the city but despite the excellent location and the reputation for great service in a luxury environment the hotel has now entered administration.

A boutique style service across the 50 rooms available at the hotel was seen as the selling point and the bars, restaurants, meeting rooms and wedding facilities made it a popular destination for conference events and of course, weddings. The Grey Street Hotel is still currently open with all bookings that have been made still kept and the administrators intend to sell the hotel and keep it operating rather than close it down.

The Grey Street Hotel had difficulty filling rooms over the last year and reaching the levels of occupancy required to avoid such a fate and this has been noted as being a significantly growing problem in the Newcastle Upon Tyne area. This is not due to the lack of interest in tourists coming to the city however, it has been attributed to the large number of hotels which have recently opened in the city and the resulting greater choice available.

Over the last 8-12 months alone an additional 1018 rooms have opened in the city which outstrips the demand and the North East Hotels Association, Ken Ellington stated “The hotel community has grown significantly in volume in the last year, but the market has struggled to accommodate that.”

This News top secret hotel was added on 02 Nov 2012

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