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News Release

Cardiff

New owner for Kings Hotel in Newport

Local developer plans new luxury apartments


CARDIFF, 12 September 2014 - A new era is set to begin at landmark Kings Hotel in the centre of Newport, after it was sold to Shire Hall Ltd, a specialist developer of city centre buildings.
The historic 61-bed hotel, which has two ballrooms, had been boarded up and empty since closing in January 2012. In its heyday it had been a renowned live music venue, attracting performers including Van Morrison, Jerry Lee Lewis and Robert Plant, and was also a popular location for weddings and conferences.

Kings HotelThe imposing red-brick Edwardian property, extending to over 60,000sqft and including an adjoining wing with retail units, was sold by joint agents Savills and JLL for an undisclosed sum.
The developer is now applying for planning permission to turn the five-storey former hotel - which has views of the River Usk and Newport Castle - into 13 two-bedroom apartments, 14 one-bedroom apartments, and three studios, plus three office units and two commercial units at ground floor level.

Gareth Carter of Savills Cardiff said: “This marks the start of an exciting new era for the Kings Hotel, which is thought to be on the site of a tavern called the Kings Head, dating back to around 1750.
“This is one of Newport’s most iconic buildings, dating back to the Edwardian era and with Art Nouveau style adornments and detailing to the principal rooms. The redevelopment of this property comes at a time of significant change in the centre of Newport, and will in many ways be a symbol of the city’s regeneration.”

Heather Lawrence, of joint agents JLL, said: “We are delighted that the Kings Hotel will be given a new lease of life through this residential development, having stood empty for over two and a half years. The redevelopment will completely modernise the building whilst retaining some of its original features and character, securing this iconic property for future generations.”

The Kings Hotel building is positioned near the Friars Walk redevelopment by Queensberry Real Estate, which will open in autumn 2015 and will link the city centre to the riverfront. Debenhams will anchor the development, which has already attracted leading retailers New Look, Topshop, and Next, a Cineworld cinema, pus restaurants and cafes including Prezzo, Cosmo, Chiquito, Frankie and Benny’s, Nandos and Gourmet Burger Kitchen.

The Kings Hotel is the latest development in a line of recent success stories for Newport including the Old Arts College on the opposite river bank and Shire Hall in Gold Tops. The college and former council buildings have recently been restored to their former glory and converted to luxury apartments, currently available for sale through Savills’ Cardiff office.