Tender: A premium hotel opportunity at Tileyard North, Wakefield’s new creative quarter

City & Provincial Properties (CPP), known for its creative, tailor-made approach to property development, is proud to invite expressions of interest for an exceptional hotel opportunity at the Calder, part of the transformative Tileyard North development.

 

Located on Wakefield’s revitalised waterfront, this historic mill has consent to provide 59 rooms for transformation into a hotel, in one of the UK’s largest creative communities outside London. This marks a rare and unparalleled opportunity to create a truly distinctive boutique hotel in a city that is home to iconic art and sculpture.

 

The opportunity

The Calder represents one of the final stages in the regeneration of Rutland Mills, and with it comes the chance to shape the future of hospitality in a rapidly developing area.

 

This is a unique opportunity to:

• Acquire a waterfront building in shell and core condition ready for fit-out.
• Lead the premium hotel market in an undersupplied area with significant growth potential, offering flexible spaces for work, dining, and relaxation for the modern traveller.
• Align with the dynamic Tileyard brand, celebrated for its commitment to nurturing creative industries.
• Benefit from a prime riverside location, adjacent to cultural landmarks such as The Hepworth Wakefield, ensuring a magnetic appeal to both business and leisure travellers seeking a one-of-a-kind experience.
• Lease or purchase the Calder, with a building ready for a bespoke hotel fit-out.

Wakefield’s hotel market remains largely focused on budget accommodations. In contrast, cities like Leeds and Manchester offer a broader range of options. The Calder offers a rare prospect to introduce a high-end, lifestyle hotel that will cater to the growing demand for upscale accommodation.

 

 

Key features

 

• Historic mill with planning consent for hotel
• Shell-and-core specification ready for fit-out
• Expansive south-west-facing river deck for alfresco dining or private events
• Outstanding restaurant and bar prospect on the ground floor
• Flexible event spaces steps away, with indoor capacity for up to 800 people

The Wakefield District Destination Management Plan highlights tourism as a vital economic driver, with over 10 million annual visits generating £500m. While the district sees high day visitor numbers, the shortage of higher-end serviced accommodation limits overnight stays.

 

Yorkshire is ranked among the top five UK places to visit, contributing £8b to the regional economy. A stylish hotel at the Calder would capture the domestic overnight market, which accounts for 23% of tourism revenue. Located next to The Hepworth Wakefield, which welcomed 450,000 visitors in 2022, the hotel will attract ‘Culture Seekers’, a key audience identified by Wakefield Council.

 

With strong transport links and the potential to rival offerings in Leeds and Sheffield, the Calder will address the demand for high-quality accommodations in a market currently dominated by just seven economy and midscale options.

 

 

Tileyard North

 

Tileyard North, the northern expansion of the globally renowned Tileyard creative community, has swiftly become a hub for innovation and collaboration.

 

Since opening two years ago, it has attracted a diverse network of creative professionals – musicians, filmmakers, architects, and agencies – into its dynamic cultural ecosystem. With hospitality spaces, event venues and a rich programme of cultural activities, Tileyard North has already forged strong partnerships with local institutions, including the neighbouring Hepworth Wakefield gallery, which is located adjacent to the hotel site.

 

The Calder will seamlessly integrate into this vibrant community, offering a design-driven destination for overnight stays. This is a rare opportunity to honour the site’s textile mill heritage while meeting the demand for modern, flexible stays, creating a truly unique hotel experience.

 

 

Get involved

 

CPP is seeking a hotel investor with a shared passion for regeneration, design excellence, and community-driven development. This is a unique opportunity ideal for a boutique lifestyle hotel brand eager to embrace a transformative project that will not only redefine Wakefield’s hospitality landscape but also play a pivotal role in the area’s ongoing cultural revitalisation.

 

Expressions of interest are invited by 31st January. We welcome the opportunity to discuss this rare and exciting opportunity in more detail and to arrange site visits and further conversations.

 

For more details and to discuss this unique opportunity, please contact: louisabrooks@cpp-plc.co.uk