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Commercial Property

Plan to turn Plymouth city centre building into serviced 'aparthotel'

Building once home to newspapers The Herald and Western Morning News and then a Waterstones is set to become repurposed

The building in New George Street, Plymouth, which could become an aparthotel, pictured when it was a Waterstones(Image: Google)

The former Plymouth city centre home of the Western Morning News and The Herald newspapers could become an “aparthotel” under new plans.

A pre-application has been submitted to Plymouth City Council by London-based property investment company RV Capital Ltd to turn the New George Street building, into serviced hotel flats.

The pre-application seeks to convert and extend the 1,519sq ft building which has been empty for two and a half years since Waterstones moved out to concentrate on its other Plymouth branch, in the Drake Circus Shopping Centre mall.

LV Capital wants to transform the building into an “aparthotel”, effectively a high-class hotel where each self-contained room has its own kitchen The pre-plan envisages 25 new one-bedroom studio apartments on the first and second floors, above ground floor commercial space.

The plan would include creating an extension at the back, in the Courtney Street car park, with some studios over the pedestrian alley to New George Street.

Designs, from Plymouth architecture practice ADG, also show a large communal lounge in the centre of the first floor, which could contain a cinema room.

Prior to the Covid pandemic, aparthotels and serviced apartments were seen as the fastest growing market in the º£½ÇÊÓÆµ hospitality sector.

In late 2019 they made up just 3% of the º£½ÇÊÓÆµ’s total hospitality accommodation, which was much lower than in many other countries, including the US where they represented 9%.