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the World Of Hospitality
principal hayley hotels
Hotel And Leisure Group To Create Luxury
Landmark Hotel After Acquisition
Of Historic Liverpool Bank Building
ONE of the UK’s finest neo-classical building is
planned to be transformed into a stunning 227-room
luxury hotel.
Liverpool’s historic Martins Bank building, designed
and built by Herbert James Rowse in 1932, has been
acquired by leading hotel and conference centre
provider Principal Hayley Group.
The company is to convert the Grade II-listed property
on Water Street into a stunning, luxury hotel with a
spa, bar and fine dining restaurant. Work will start on
the project this year with a potential opening in late
2017 or early 2018.
The hotel will be the city’s first ever potential 5
Star luxury offering. Joe Anderson OBE, Mayor of
Liverpool, said the scheme would be a landmark
development for the city and was a signal of its
growing reputation as a global tourist destination and
as a centre for exhibitions and conventions.
Tony Troy, CEO of the Principal Hayley Group, said
the acquisition gave them an important presence in
the heart of Liverpool, where there was clear demand
for a full service luxury hotel. Mr Troy said it was the
city’s recent renaissance and its record in attracting
business and leisure visitors which was making their
investment possible and they were pleased to be
working with a number of key city departments on
the project.
Castlewood Securities, which has owned the Martin’s
Bank building for 20 years, has been acquired
by Principal Hayley Group Hotels in the deal.
Castlewood has obtained full planning and Listed
Building consent for the proposed development.
The development represents an investment
commitment to Liverpool of nearly £50m. It will lead
to the creation of over 200 long term jobs and about
350 construction jobs over the next two years.
The acquisition follows a wider £100m strategic
repositioning of Principal Hayley Group’s iconic
city-centre properties. The Royal York Hotel in
York and The George Hotel in Edinburgh have both
recently reopened following extensive renovations
that honoured the histories of the two properties while
adding state-of-the-art amenities.
An additional multi-million-pound investment is
planned for Principal Hayley Group’s manor-house
conference properties in 2016.