(i) That the progress with the site and feasibility work undertaken for a hotel on the Ryecroft site, which has confirmed that there is demand for a mid-range hotel in Newcastle Town Centre, be noted.
(ii) That the Deputy Chief Executive, in consultation with the Portfolio Holder for Finance, Town Centres and Growth, be authorised to procure a brand for the hotel.
(iii) That the Deputy Chief Executive, in consultation with the Portfolio Holder for Finance, Town Centres and Growth, be authorised to commence procurement of initial design costing works through a design and build approach to the selected hotel’s brand specification for a new hotel on the Ryecroft site using a compliant procurement route.
(iv) That further cabinet reports on each of these issues be received, to enable final decisions on the hotel development.