Developer Signature Living has acquired Albion House, the old headquarters of the doomed Titanic liner in Liverpool, with plans to turn the historic building into a Titanic-themed hotel.

A planning application was recently submitted, with plans envisaging the use of 350,000 sq ft of floor space to create a luxury 350-bedroom aparthotel, with a gym, bar and restaurant named Signature Living Hotel - The Home of The Titanic.

The idea comes given the building’s former housing of the White Star Line headquarters, home to the operators of the Titanic liner which sank in 1912.

It is thought Signature Living wants to make use of some of the building’s existing features – like the structure’s columns and steel rivets – which were created by the same engineers who worked on the ship.

If plans are approved, the developers hope to begin construction sometime in October, with part of the hotel being open by April 2014.

The distinctive building, located on The Strand, was bought by husband and wife developers Lawrence and Katie Kenwright who run Signature Living. The developers also have a movie-themed hotel in Liverpool’s Stanley Street and other serviced apartments across the city.

The current building is often heralded as one of Liverpool’s most unique structures, due to its construction from Portland stone and red brick.