Middlesbrough Herald & Post

Work starts on hotel

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A CAR park that will make way for a controvers­ial new Hilton hotel in Stockton closed this week.

The Square car park, in Stockton town centre, shut on Tuesday as preparatio­ns begin for work starting on the new Hampton by Hilton Hotel.

Stockton Council will borrow £17m to fund the six-storey hotel before leasing it to the internatio­nal chain group.

The plans have sparked controvers­y among residents and councillor­s, with some deeming the hotel to be a “white elephant” – but others thought the loan would be a “rock solid business case”.

The authority believes the internatio­nally renowned hotel chain would be a huge asset, bringing in £6.7m per year into the local economy and creating around 100 jobs for local people.

Projection­s forecast the council would receive net operating profits of £1.2m per year, which it says would more than cover the estimated £830,000 per year required to pay back the borrowing over 35 years – with council leader Bob Cook saying “all expert projection­s” show that the hotel would be more than 80% occupied.

The Hampton Hilton hotel will boast 125 beds and will form part of the town’s Northshore regenerati­on scheme, built on Church Road on the former dairy, Kwik Fit and The Square car park sites.

Before constructi­on begins later this summer, the neighbouri­ng Kwik Fit building will be demolished.

 ??  ?? The site of the proposed Hilton on Stockton Riverside.
The site of the proposed Hilton on Stockton Riverside.

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