The Welsh government will invest 2m euros for the New Port hotel project. The hotel is planned to be a four-star luxury hotel.
The government will provide capital support of £ 100 million in Wales for three years of renovation of the Government’s Targeted Regeneration Investment program.
The Newport City Council will work with Garrison Barclay to build the hotel. The building will be a hotel with 154 beds. The hotel will have a rooftop restaurant with sauna, breakfast room and city view.
The project is expected to create 45 jobs.Deputy minister for housing and local government Hannah Blythyn said: “This is a fantastic project to breathe new life into a local landmark, creating jobs and boosting the local economy. I look forward to seeing this project take shape.”
Deputy minister for culture, sport and tourism, Lord Elis-Thomas, added: “The development of this high quality hotel right in the centre of Newport is very welcome news and I’m delighted that the Welsh Government has been able to support what will become an iconic development for the city.
“This development is in line with our tourism strategy which prioritises high quality, ambitious projects – and with plans to incorporate the Chartist name and history the development also seeks to draw on local history and culture – giving a strong sense of place.”
Councillor Debbie Wilcox, leader of Newport City Council, told: “We have been working closely with Garrison Barclay to help this exciting project come to fruition and I’m delighted that our bid to the Welsh Government to secure some financial support was successful.
“We are very much looking forward to the opening of this development which will contribute to our long-term ambition to have a more diverse offer in the city centre to enhance its vitality and sustainability.”
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