Exciting construction work has begun on the fire damaged and derelict roof in the East wing of the luxurious Exchange Hotel, following the completion of structural surveys and planning consent from Cardiff City Council.
This second phase of building work is expected to provide a further 50 bedrooms in the East wing, which will be completed and ready for occupation in June of this year.
Signature Living, the owner and operator, plan to transform the derelict building into a luxurious 200 bedroom hotel, featuring a spa, events space and restaurant. The first phase of 40 bedrooms and the Grand Hall was completed and opened to the public in May of last year, to the delight of the locals.
Cardiff’s iconic Grade II listed former Coal Exchange building, once the home of the hub of trading within the coal industry and where the world’s first £1 million cheque was signed, has already proved hugely popular.
Both the South and East sides of the Exchange building have proved tricky to develop, due to a huge fire that ripped through this side of the building in the mid eighties, rendering most of the site completely destroyed.
Extensive dry rot had also spread throughout the structure of the building along with wide scale subsidence, making parts of the building virtually uninhabitable.
However, Signature Living have taken on the huge task of restoring this once grand building to its former glory, for the people of Wales.
Chairman Lawrence Kenwright is enthusiastic for the future; “We are thrilled that we have been able to make such good progress with the new roof on the East wing of the Coal Exchange given the extensive decay of the building.
“There was substantial fire damage to this section of the development and that was one of the primary reasons why other developers had not taken the project on previously. The Coal Exchange has been a real challenge for us but this is what we do best, taking old derelict buildings of great historical importance and breathing new life into them.
“With the East wing we have removed the old roof and put a brand new roof structure in place while replacing new floors, walls and windows.”
The Liverpool company also confirmed that it has carried out further remedial works to the North West wing of the building where a major retaining wall had sunk and also taken part of the structure of the roof with it.
Extensive underpinning and stitching works have now been completed which will reinforce the buildings structure. Work on developing the North wing is expected to follow in the summer.
Kenwright added; “The Coal Exchange has probably been one of the most challenging buildings for us to undertake given the extensive nature of the works required.
As hotel developers we have also stayed true to our word and promises on the extensive renovation plans for the Coal Exchange with a total commitment to develop the building throughout.
It has also been a huge honour for us to restore such a historic building to its former glory for the people of Wales.”
The Exchange Hotel
The iconic Exchange Hotel is already one of the best loved developments in Cardiff, offering luxurious rooms, stunning food and an amazing experience inside the historic walls of this grandiose building.
All our rooms and suites echo the history of Cardiff and all the components that make the city great today. Our restaurant prides itself on sourcing ingredients from local areas and people.
The Exchange Hotel is proud to be a beacon in Cardiff for tourists and locals alike and we hope you’ll come and explore this beautiful building very soon.
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