Watergate Bay owners in talks for Plymouth hotel
Talks are under way between Urban Splash and the team behind the Watergate Bay Hotel to establish a boutique hotel in Plymouth's Royal William Yard.
It is understood that no deal has yet been signed but that the plan is to open a 60-bedroom hotel in the flagship Melville building in 2015.
The development would include two restaurants, a cocktail bar, health club and spa and an events space for leisure and conference use.
It is understood that, unlike the Watergate Bay complex, the new development would not include a Fifteen restaurant.
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A statement released by Urban Splash and Watergate Bay owners Will and Henry Ashworth said: "Urban Splash, the award winning developer, and the team behind the popular Watergate Bay Hotel on the north Cornwall coast are in discussions about the possibility of an urban boutique hotel at Royal William Yard, Plymouth. While there is a long way to go before a deal is signed, the intention is to open a hotel in 2015, in the flagship Melville building in the heart of Royal William Yard, with the development centering around the distinctive clock tower and courtyard." A total of £12 million has been invested into the Watergate Bay Hotel since 2000.
This year has seen a £3.6 million investment in the final phase of its holiday cottage development and there are now plans to revamp its dining room. This has helped to drive the business forward, with turnover increasing by 10 to 15% in the last year.
"We have had a terrific season, it's been very positive indeed," said managing director Will Ashworth. He said the business was now moving forward with its latest redevelopment project, a scheme to renovate its dining area. Work will start in January and be completed in February and will see the area completely refurbished with a kitchen installed as the centrepiece of the room so that diners can watch their food being prepared.
"It's a piece of work we have been wanting to do for a couple of years but larger projects have taken priority," he said. "We're keen to expand. We know that people want an experience and we would love to create it. We wish to create a collection of hotels in different locations around the UK that create a similar guest experience to Watergate Bay."
The hotel, which is owned by Mr Ashworth and his brother Henry, was bought by their parents, John and Mary Ashworth, in 1967, who initially ran it as self-catering flats before converting it into a 55 bedroom hotel run offering traditional, bucket and spade-type breaks.
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