A developer has said its £100m plans for a “landmark” redevelopment at a Cornwall tourism hotspot could create more than 100 new jobs and a multi-million pound boost to the local economy.
Warrington-based Salboy has early-stage plans for a mixed-use development around the site of the Hotel Bristol in the Narrowcliff area of Newquay.
Salboy - which is co-owned by Fred Done, the billionaire founder of betting chain Betfred - currently owns the hotel and two residential properties on the same plot.
At a public event held at the hotel on Wednesday (May 18) the property firm unveiled its proposals to build a new four to five star 77-bedroom hotel, a new “high-end” rooftop restaurant, a newly-announced 168 apartments, as well as space for five commercial units.
Salboy said the regeneration scheme could replace the existing Narrowcliff hotel, Hotel Bristol and two residential properties, as well as the Narrowcliff GP surgery - which is planning a relocation independently from the development.
The new hotel could contain a gym, swimming pool, spa with treatment rooms, 56-seat cinema as well a 60-seat restaurant which will also be open to the public.
The proposed apartments are a mix of one to three bedrooms with a covenant excluding lettings through Airbnb. The building could also feature local art, garden rooftops, underground parking and a “landscaped public realm".
Salboy said an independent socio-economic assessment of the project, which is yet to be formally submitted for planning application, had found it could result in a net gain of 132 local jobs and £4.3m gross value added (GVA) per year.
The company added the construction of the hotel and apartments could support 375 direct and indirect jobs during the three-year build period, with a GVA of £27m per year.
Outside of the construction, Salboy said new jobs would be made up from the growth in the size of the hotel, employment from the commercial units and indirect supported through the 410 new residents it expects the apartments to accommodate.
Salboy also has ambitions for the Narrowcliff scheme to be a net-zero carbon development. It said air source heat pumps, heat recovery systems, solar power generation and energy-efficient building materials could be used to minimise environmental impact. Improved biodiversity on the site could also be supported by rooftop gardens and exterior landscaping.
Simon Ismail, managing director of Salboy said: “We’re glad to finally be able to present what we’ve been working so hard on and hope that everyone is now able to share our vision for what an updated Narrowcliff might look like.
“There’s no doubt that this is an ambitious scheme and it’s one we’re excited to get moving and bring to life. The public consultation has been a great opportunity for us to gather lots of feedback which we can now use to support the formal planning application.”
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