Plans to transform an iconic Cardiff building into a new luxurious hotel have taken a major step forward with funding from Legal & General.

The former Post Office building on Westgate Street is being transformed in a venture between the Welsh Rugby Union, Legal & General and Cardiff based property development company, Rightacres Property.

The development will restore, preserve and enhance the building's historic features to include 165 bedrooms, fifteen VIP suites, two restaurants, a luxurious rooftop spa with outside Jacuzzi as well as meeting facilities and a ballroom for 400 guests.

It will be known as The Westgate Hotel.


Tom Roberts, Head of Strategic Investment at Legal & General said: "We are delighted to be funding what is widely regarded as the best hotel site in Cardiff and entering into partnership with the WRU and RAP. It is a unique opportunity to create a rare long income cashflow while facilitating the development of a new market-leading hotel in one of the fastest growing capital cities in Europe and top UK cities with the added advantage of being adjacent to the Principality Stadium. There are also clear benefits to having a hotel of this quality alongside our substantial current investments in Central Square."

Martyn Phillips, Chief Executive of the WRU, added: "Principality Stadium is internationally recognised as an iconic destination for rugby, other sports, music and other live events by fans from around the world. Developing this new hotel will allow us to diversify and supplement our current Stadium-based hospitality and conference offering with the additional revenue generated through this business re-invested back into the game at all levels."

Subject to planning and listed building consent, construction work will begin in June this year with the Hotel scheduled to open in December 2020.

(CM/JG)