Debt Dilemma: Newcastle’s Crowne Plaza Hotel and the £40 Million Predicament

The latest episode of Free Association dives into the complex financial situation surrounding the Crowne Plaza Hotel in Newcastle, which owes £40 million to the city council. Host Dennis explores the potential transfer of hotel ownership to Newcastle City Council as part of a broader regeneration plan for the area near the central station. The episode also delves into the challenges posed by the oversupply of hotels in the city, exacerbated by the COVID-19 pandemic. Additionally, the discussion touches on significant developments along the Newcastle-Gateshead quayside, including plans for a new conference center and arena, highlighting the region's reliance on tourism and events for economic sustenance.