A four-star boutique hotel has been planned as part of a multi-million pound restoration and renovation project on the historic Penarth Marine building.
The Penarth Marina site offers a panoramic view of Cardiff Bay and there is no other hotel of the boutique variety within the Vale’s boundaries.
Full planning permission has been granted for the building which adjoins the Custom House Restaurant that underwent a £3m restoration prior to opening in June 2001.
The proposal includes plans to gut the inside of the building and fully restructure it in order to accommodate 55 bedrooms over four floors with rooms designed to the standard of a four star, boutique hotel with fittings mirroring those of the Custom House.
Plans are in place to lower the ceilings of the current three floors in order to make space for a fourth level. In addition, a 100 seater cafeteria-wine bar overlooking the Marina will open for breakfast and afternoon tea becoming a piano bar in the evening.
The director of JMD restaurants, Tanny Martinez, told WalesOnline: “With planning permission due to expire in 2017 we would work to commence in 2016 but at the moment we require extra funding which we hope will be in place by then. The development will take two years and be completed by 2018.”
The planned works include extending and restoring the building and its façade to its original condition and the roof being reinstated in Welsh or Spanish slate.
Upon completion the development will employ a staff of 50 to run the site.
Commenting on the question of funding, Martinez said: “The banks have been hesitant to our proposals because there is an overlap in the estimates we have had to develop this site. That figure stands at £7m but the bank, however, values a completed site in this location at £5.5m so there’s a gap which makes funding difficult we have to find that bridging gap.”