The hotel (opened in 2019) forms an important part of the town centre’s regeneration scheme in supporting increasing visitor numbers. Among other key elements of the riverside regeneration, the council is also funding the £30m refurbishment of the Globe theatre, a Grade II listed 1930s art deco gem, nearing completion at the top end of the high street. 26 Stockton-on-Tee’s latest visitor economic strategy highlighted that visitors were spending £226 million each in the town (including £176 million from day-visits).