The Caterer
Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

Cycas Hospitality acquires Staybridge Suites Newcastle

31 October 2016 by

Hotel management company Cycas Hospitality has acquired the 128-suite Staybridge Suites Newcastle off a guide price of £15m.

The hotel originally opened in 2009 and includes 95 studios and 33 one-bedroom apartments. It will continue to be branded as a Staybridge Suites hotel and will be the fifth Staybridge Suites property under Cycas management, on top of hotels in Liverpool, London Vauxhall, London Stratford City.

The company recently partnered with Starwood Capital Group to manage four extended-stay hotels in London, making it the second largest operator of serviced apartment/apart-hotels in London.

Cycas Hospitality also manages the Heathrow hotel in London. Two new projects, comprising four hotels, are under construction, including a Crowne Plaza/Staybridge Suites in Manchester, which is due to open in 2017.

Eduard Elias, managing partner of Cycas Hospitality says: "Newcastle's accessibility, its skilled workforce and the presence of strong international companies makes it a natural fit for the extended-stay hotel market."

Staybridge Suites hotel in Newcastle up for sale >>

Dual-branded Marriott hotel development set for Slough >>

Cycas Hospitality to manage Starwood Capital Group's extended-stay portfolio >>

Patron Capital sells Staybridge Suites Liverpool to Cycas Hospitality >>

Latest video from The Caterer

Are you looking for a new role? See all the current hospitality vacancies available with The Caterer Jobs >>

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking