Principal Hayley Group Hotels to turn Liverpool bank into hotel

Martins Bank

Liverpool is poised to get its first five-star hotel in a major renovation of a historic bank. Castlewood Securities, which has owned the former Martins Bank for 20 years, was acquired by Principal Hayley Group Hotels as part of a £50 million deal

Castlewood, advised by law firm Brabners on the acquisition, obtained full planning and listed building consent for the proposed development several months ago. The renovation will turn the erstwhile financial center into a 227-room luxury hotel.

Work will start on the project this year with a potential opening in late 2017 or early 2018.

FREE DAILY NEWSLETTER

Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

Suggested Articles

Best Western Hotels & Resorts’ North American members have voted not to convert from a nonprofit model to a for-profit company.

Emaar Hospitality Group has opened a hotel close to two golf courses in Dubai's Emirates Hills neighborhood.

The company plans to develop, manage and operate a master-planned resort community in Saint Lucia as the brand’s first international property.