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Cardiff’s Coal Exchange Saved in £40m Hotel Revamp

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Cardiff's historical Coal Exchange building is set to be restored as part of £40m plans to convert it into a luxury 200-suite hotel.

The disused Grade II-listed Cardiff Bay site will host weddings and conferences if granted planning consent. About 100 construction jobs will be created when work starts and it will employ 60 staff once open.

Developer Signature Living said the building “once again will become the jewel in Cardiff's crown”. The redevelopment should take 18 months and the first phase is expected to open later this year.

The Coal Exchange is regarded as one of the city's most significant historical buildings – it was where the first £1m cheque was signed – and there have been several failed bids to bring it back into use.

SOURCE: bbc.co.uk