Two restaurants are set to undergo a £500,000 refurbishment as part of a £43m pound investment programme.
Family-run leisure, property and care company The Malhotra Group is ploughing the cash into a cosmetic overhaul for its two Scalinis restaurants, on Osborne Road, Jesmond, and The Three Mile Inn in Gosforth, which are both due to be completed next week.
The interior refurbishment, designed by brand specialists Dakota International, forms part of the Malhotra Group’s plans for full renovations within its leisure arm which will continue with and Newcastle’s Grey Street Hotel in the new year.
The firm’s leisure arm includes Scalini’s, Jesmond and Gosforth, The Three Mile Inn, Osborne’s, The Sand Piper, The Runhead, The New Northumbria Hotel and the recently acquired Grey Street Hotel, and 2014 will see makeovers for the city centre hotel as well as Louis’ restaurant in Gosforth and The Butchers Arms in Byker.
These developments come after the group secured a £25m deal structured by The Royal Bank of Scotland (RBS) to develop areas of the business and fund a major restructuring operation of the group itself, bringing all the holdings into one formal group, which in due course will obtain PLC status.
The newly-formed Malhotra Group, which employs 1,000 staff, will use the funds to invest £100m in its operations, having devised a five-year programme intended to invest £57m in care and a further £43m in leisure, as a demonstration of the group’s commitment to the region.
The five-year plan also includes the construction of a new care home in Newcastle, creating around 70 new jobs.
Chief operating officer Atul Malhotra said: “We aim to invest around £43 million in our leisure arm over the next five years and Scalinis is the first of our renovations to further our commitment to enhancing the Newcastle restaurant scene.
“We have seen a vast increase in the number of people whose social lives revolve more around eating out whether that is with family, friends or business associates so the refurbishment at our venues will suit everyone whether they are out for a special occasion or a mid-week family treat. We decided to move away from the previous Mediterranean image towards a more high-end Milan inspired vibe and have also created a brand new menu.”
The venues remain open during the refurbishment.