- Martins Bank in Liverpool is to become a 227-room luxury hotel and spa and is because of open in 2017 or 2018
- Completed in 1932, the building is considered to be just one of the ideal neo-classical buildings built in England
- Much of the country’s gold reserve was secretly transferred to the building in WWII in wake of a feared Nazi invasion
Becky Pemberton For Mailonline
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Step inside the incredible art-deco bank set to become a luxury hotel – which once held most of Britain’s gold throughout Globe War II.
Liverpool’s historic Martins Bank was once the hiding place for the nation’s treasure and as these pictures reveal much of the bank still remained in wartime style up until recently.
Designed by noted architect Herbert James Rowse and completed in 1932, the Martins Bank building is considered to be just one of the ideal neo-classical buildings built in England.
Step inside the incredible art-deco bank set to become a luxury hotel – which once held most of Britain’s gold throughout Globe War II
Liverpool’s historic Martins Bank was once the hiding place for the nation’s treasure and as these pictures reveal much of the bank still remained in wartime style up until recently
Designed by noted architect Herbert James Rowse and completed in 1932, the Martins Bank building is considered to be just one of the ideal neo-classical buildings built in England
Much of the country’s gold reserve was secretly transferred to the building at the start of the Second Globe War in order to hide it from a feared Nazi invasion.
The gold arrived in Liverpool in three heavily guarded trains prior to being transferred to the bank’s vaults.
A plaque outside the building commemorates the operation, which was dramatised in the 1994 Emmy-winning film ‘The Bullion Boys’.
Now hotel and leisure group Principal Hayley Group are set to transform Martins in to a 227-room luxury hotel and spa making 200 full-time jobs and 350 construction jobs.
The £50million investment will certainly see the company convert the Grade II-listed property on Water Street in to a stunning, luxury hotel along with a spa, bar and great eating restaurant.
Work will certainly start on the project this year along with a potential opening in late 2017 or early 2018.
A plaque outside the building commemorates the operation, which was dramatised in the 1994 Emmy-winning film ‘The Bullion Boys’
Much of the country’s gold reserve was secretly transferred to the building at the start of Globe War II in order to hide it from a feared Nazi invasion
The £50million investment will certainly see the company convert the Grade II-listed property in to a stunning, luxury hotel along with a spa, bar and great eating restaurant
Tony Troy, CEO of the Principal Hayley Group, said the acquisition gave them an necessary presence in the heart of Liverpool, where there was clear requirement for a full service luxury hotel.
He said: ‘The Martins Bank building provides us along with a strategically necessary presence in the heart of the Liverpool market, where there is a clear consumer necessity for a full-service luxury hotel and events space.
‘Liverpool’s astonishing transformation over the last decade has actually seen it become one of Europe’s crucial exhibition and convention centres as well as one of the most visited cities by tourists. Our development will certainly become the jewel in the crown of Liverpool’s hotel offering.
‘We are delighted to be working in partnership along with the city to bring this strategy to fruition and we will certainly be working pretty closely along with heritage experts to guarantee our conversion of the building is sympathetic to its unique historic and architectural features.’
A spokesperson for Principal Hayley Group said to MailOnline Travel that it is too early to confirm the star rating of the venue, however the ambition for the Martins Bank hotel development is firmly in the higher end luxury end of the market, the two in design and service provided.
Guests eager to remain inside won’t have actually long to wait, as Job will certainly start on the project this year along with a potential opening in late 2017 or early 2018
Castlewood Securities, which has actually owned the Martins Bank building for 20 years, has actually been acquired by Principal Hayley Group Hotels in the deal. Castlewood has actually obtained full preparation and Listed Building consent for the proposed development.
Bernard Byrne, CEO of Castlewood Securities, the owner of Martin’s Bank building for nearly 20 years, said: ‘We are delighted to see our vision of converting Martins Bank in to Liverpool’s initial actually luxury upscale hotel, incorporating a destination spa and amazing leisure and great eating facilities, being realised.
‘Principal Hayley has actually a proven monitor tape of working along with necessary heritage buildings to deliver such projects. This investment of nearly £50m will certainly develop over 200 long term jobs as well as secure the future of one of Liverpool’s most treasured buildings.’
A BRIEF HISTORY OF MARTINS BANK
Martins Bank was founded in 1831 and was a London private bank, trading for much of its time under the name of The Grasshopper.
The partnership went through various incarnations, including Martins, Stone and Blackwell, and Martin Stone and Foote in the eighteenth century; and Martin and Company in 1844.
In 1918 the Bank of Liverpool merged along with the London-based Martins Bank, and the Martins name was retained in the title of the enlarged bank which was known as The Bank of Liverpool and Martin’s Limited.
Its name was shortened in 1928 to Martins Bank Limited, and this remained the case until its merger along with Barclays in 1969.
During Might 1940, as soon as Britain faced invasion, 280 tons of the nation’s gold reserves transported from the Bank of England to Martins’ Head Office in Water Street in a mission called Operation Fish.
The gold was held here for safekeeping prior to being shipped to Canada.
Now hotel and leisure group Principal Hayley Group are set to transform Martins in to a 227-room luxury hotel and spa making 200 full-time jobs and 350 construction jobs
Tony Troy, CEO of the Principal Hayley Group, said the acquisition gave them an necessary presence in the heart of Liverpool, where there was clear requirement for a full service luxury hotel
The spectacular building is located on Water Street and throughout the war gold arrived in three heavily guarded trains prior to being transferred to the bank’s vaults
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