The hotel, currently a Holiday Inn, is undergoing refurbishment and will reopen as a Premier Travel Inn in August.
Paramount will lease and manage the 80-seat restaurant, provide the investment capital for development and will also deliver the hotel breakfast to guests.
- Costa has signed an exclusive deal with supermarket giant Tesco to install coffee shops into a number of stores. Costa will open coffee shops in Tesco's St Ives, Cornwall; London Kensington and Hove, West Sussex supermarkets.
By Chris Druce