New owners, Crystalbrook Collection expect the Kingsley to be operating by November 2020, in time for the Newcastle 500

A landmark deal inked this morning will see the City’s current administrative headquarters transformed into a stunning five-star hotel to be known as the Kingsley.

Overlooking Civic Park, the harbour and Merewether from its upper floors, Kingsley marks a historic moment in the City’s revitalisation, providing the heartbeat that has always been missing from the local tourism industry

Purchased by the hospitality group Crystalbrook Collection, the five-star hotel will feature 136 luxury rooms, lobby bar, café with outdoor terrace and a new roof top with restaurant, swimming pool and gymnasium.

Lord Mayor Nuatali Nelmes hailed the landmark deal as a turning point in Newcastle’s history.

"Today’s sale is also a win for tourism, the University's inner-city expansion plans, and the neighbouring justice precinct and nearby Darby Street businesses,” the Lord mayor said.

Crystalbrook Collection CEO Mark Davie said he was thrilled to partner with the City on the historic project.

“We think the location, with the City Hall, the Civic Theatre, the Art Gallery and the War Memorial Cultural Centre right on the doorstep, makes it a perfect location for a five-star hotel.”