Cycas Hospitality has acquired as its fifth Staybridge Suites property, the 128-suite Staybridge Suites Newcastle, which had a guide price of £15m.

It will continue to be branded as a Staybridge Suites hotel and joins others in Liverpool, London Vauxhall, London Stratford City. Having recently partnered with Starwood Capital Group to manage four extended-stay hotels in London, Cycas Hospitality is now the second largest operator of serviced apartment/apart-hotels in the capital.

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