Malhotra Group planning £43m revamp of Newcastle venues
Leisure, property and care company The Malhotra Group is investing £43m in a revamp of its Newcastle leisure venues.
Two restaurants in the group’s portfolio will first undergo a £500,000 refurbishment, with the interior refurbishment designed by brand specialists Dakota International.
Malhotra’s plans for full renovations of its leisure arm will then continue with Newcastle’s Grey Street Hotel in 2014.
The developments come after the group secured a £25m deal structured by The Royal Bank of Scotland as part of a £100m investment into operations across its entire portfolio, having devised a five-year programme intended to invest £57m in care and a further £43m in leisure as a demonstration of the group’s commitment to the region.
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