Close cookie policy popup window
This site uses cookies for analysis purposes only. This helps us understand how you and other visitors use our site. To see a complete list of these cookies or to opt out please access our cookie policy page.

You will see this message only once, but you will be able to find more information about our use of cookies or opt out at any time.

North Devon

01271 321122

South Devon

01626 330022

C-Space project on Newquay's seafront with local produce café, bar and events venue

The C-Space project on Newquay's seafront with local produce café, bar and events venue

Posted: Friday 26 October 2018

With Cornwall’s immense popularity growing every year, it’s little wonder seasonal tourism plays such a major part in its economy. But a change of use for one hotel in one of its most popular seaside towns signifies Cornwall is open for business all year round.

Consistently voted one of Britain’s top tourist destinations, Cornwall brings a massive £1.8bn flowing into the region’s economy. And with visitor numbers reaching around 4.5m every year - with numbers boosted by up to 20% this year thanks to the summer heatwave - Cornwall has become an iconic destination. 

With idyllic coast towns including Fowey and St Ives and more vibrant destinations like Newquay, each has something different to offer all tourists. But it’s one of Newquay’s top hotels that's been sold which, together with a partial change of use, aims to boost the town’s business economy as well.

Situated in the heart of Cornwall’s premier surfing resort overlooking Towan Beach, Newquay’s Hotel Sunnyside enjoyed an exceptional seasonal trade with its 56 en-suite bedrooms, standalone bar and restaurant facilities, and owner’s accommodation. 

Focusing on group bookings including stag or hen parties and golf, rugby, or football tours during the weekend, and educational groups during the week, the hotel received continuous investment from its previous owner to make it one of Newquay’s most popular hotels since its purchase back in 2007.

Recently coming to market for the first time in 11 years, due to the owner’s ill health, the Sunnyside was always going to be a property that sparked multiple bids. The resurgence in interest for properties of this type is typical for the market, especially in and around such a popular location. 

New owners, Crowdfunder UK, the UK’s number one crowdfunding platform whose HQ is based in Newquay, snapped up the property after seeing its potential to become the permanent home for their expanding business, together with 30+ staff. But Crowdfunder is making their ambition known with further plans for the hotel.

With a £2m investment from The Cornwall and Isles of Scilly Local Enterprise Partnership (LEP), Crowdfunder is creating a dynamic new workspace. Using the remaining hotel space, the C-Space project will mix business space for permanent tenants, incubation space for start-up businesses - many of which are expected to be funded through the crowd, and hot desks, plus a local produce café and licensed bar, events venue, production studio and retail showcase.

Commenting on C-Space, Crowdfunder UK Executive Chairman, Rob Love, said: “We’re really proud to be bringing something unique to Newquay – giving Crowdfunder a dynamic accessible presence in Cornwall’s most exciting town and catalysing new opportunities for the whole community.”

“We want to work with Newquay and our partners around the world to attract a host of new business to join us in crafting a unique, world-class ‘ideas factory’ in the C-Space which will become the ultimate workspace by the sea.”

It’s certainly a dramatic change of use for a hotel, and while Newquay’s tourist numbers are expected to grow, C-Space will undoubtedly drive much needed economic growth and job creation into the town right across the year when it opens next Summer.

Jon Clyne, Director of Charles Darrow commented: “50 plus bed hotels are few and far between on the market and the significant interest we received was to be expected, quite frankly we could have sold Hotel Sunnyside three times over. Newquay is seeing a real resurgence in appetite, in part due to the rise in staycations however, you would also be hard pushed to find a better positioned hotel on the North Cornish coast, surrounded by so many complimentary traders. Crowdfunder were a pleasure to deal with and we look forward to seeing their plans come to fruition”.