THE creation of Newcastle's first five-star hotel is one step closer after Newcastle council completed the sale of the Roundhouse building.
Syrian billionaire Ghassan Aboud's Crystalbrook Collection hotel chain purchased the council's administration building, with the aim to open the new hotel by 2020.
The plans for the round, nine-storey building include 135 wedge-shaped rooms, a six-metre glass addition on top, a bar, restaurant and pool.
Mr Aboud described the accommodation offering, to be named the “Kingsley”, as a “business” hotel.
The billionaire, who is paying the council about $15.5 million for the landmark Roundhouse, spoke to the Newcastle media for the first time in February during a flying visit to Australia.
“I love it. From far it looks small, but when you come quite near you feel that this is a good building, a very nice building," he said at the time.
“And don’t worry: the rooms will be really wonderful, because some people are like, ‘The rooms will be like a piece of pizza,’ but don’t worry: it will be lovely pizza.”
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