Hastings Hotels has purchased Belfast landmark building Windsor House for £6.5 million.
The city centre hotel, in Bedford Street, is one of the tallest buildings in Ireland and was built in 1974.
The group will submit an application for planning permission within a few weeks and said it would be a ‘major construction project’ set to create 150 new jobs in the hospitality sector.
"Its prime city centre location is ideally situated to meet the urgent demand that the hotel sector requires to satisfy the growing business activity and the increase in tourism prospects," it said.
"With our philosophy of continuous reinvestment, Hastings Hotels will also continue to extend, enhance and invest in its existing six Northern Ireland hotels, and in the Merrion Hotel in Dublin."
