Nicolas James Group Acquires Hotel Victoria in Newquay, Plans Extensive Renovation

A developer has confirmed the acquisition of an historic hotel in Cornwall, a development that follows its unexpected closure, which caused concern within the community. Nicolas James Group stated it had “exchanged contracts” with the proprietors of Hotel Victoria in Newquay, subsequent to its shutdown and the issuance of redundancy notices to employees. The group disclosed intentions for “substantial investment and redevelopment” aimed at “restore the hotel to its former glory,” with proposals to be submitted at a later date. The investment firm characterized the hotel’s closure on Monday as unfortunate, yet deemed it “necessary” due to the extensive renovations needed. Nicolas James Group stated: “The directors of the vendor made the decision to close the hotel prior to purchase, due to the longstanding difficult trading conditions, with the site to now remain closed during its extensive refurbishment.” A representative further verified that the transaction encompasses the adjacent Berties nightclub and the pub Bertie O’Flannigan’s, remarking: “This acquisition presents a unique opportunity to revitalise a cherished landmark in Newquay.” The representative added: “We are excited to have exchanged contracts and look forward to sharing our vision for the hotel’s future.” The group highlighted its proficiency within the hospitality industry and its history of acquiring and redeveloping coastal properties. It affirmed: “Recognising Hotel Victoria’s rich heritage and potential, the group will leverage its experience and investment to restore the hotel to its former glory, as a cornerstone of Newquay’s vibrant hospitality scene.” Detailed proposals are expected to be made public by spring 2025, according to the group. Hotel Victoria, which has been a prominent establishment on Newquay’s East Street since 1899, ceased operations on Monday. The closure of the associated Berties nightclub, a lodge, and the pub Bertie O’Flannigan’s was characterized as a “massive shame” by residents of the Newquay community. The BBC has sought comment from the former management of Hotel Victoria. Louis Gardner, who serves as councillor for Newquay Central, reported being contacted by employees who informed him of their potential redundancy. Councillor Gardner stated: “It’s come as a shock to us all.” He added: “We are going to see 60 job losses in the hotel itself and surrounding businesses.” He expressed hope that the affected workers would secure alternative employment opportunities within the town. Readers can follow BBC Cornwall on X, Facebook, and Instagram, and submit story ideas to spotlight@bbc.co.uk. Copyright 2024 BBC. All rights reserved. The BBC disclaims responsibility for the content of external sites. Information regarding its approach to external linking is available.