Tune Hotel, Newcastle
The 'super-budget' hotel chain has taken over the 104 room hotel which is situated in the heart of the city centre.
The property, which opened as a hotel in 2014, will open as an easyHotel next month following minor rebranding works to the building.
Newcastle will be the group's second leased site. The hotel will be let on a 25-year FRI (fully repairing and insuring) lease at an annual rent of £442,000.
Guy Parsons, CEO of easyHotel plc, said: "This is an excellent opportunity to establish a footprint in the vibrant and popular City of Newcastle. The 104 rooms will require minimal work to bring them in line with our brand and we will open the new easyHotel Newcastle next month.
"It has been a year of accelerated growth for the group, validating our strategy of offering comfortable, affordable accommodation in key tourist and business locations in the UK and internationally.
"The board looks forward to announcing further opportunities for the easyHotel brand as we continue to expand our development pipeline."
easyHotel's six owned hotels currently comprise 598 rooms, and it has a further 20 franchised hotels with 1,750 rooms.
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