Promenade Estates has got the green light to convert its 19th century Liverpool headquarters into a boutique hotel.
Liverpool City Council has approved plans to transform the building, designed by Alfred Waterhouse (also behind Manchester Town Hall, London's Natural History Museum and the Prudential building in London's Holborn), into a 43-bedroom hotel.
Number 2 Queen Square was formerly the regional headquarters for Pearl Assurance and adjoins the city's Marriott hotel.
Daniel Hynd, managing director of Promenade Estates, said: "We're going to add something special to Liverpool's hotel offer in a location and a building that are second to none.
"This is a very special location that benefits from great infrastructure and heritage on its doorstep. As investors in all the hotels we've developed we've got a great feel for the Liverpool market and look forward to taking the project forward."
Dr Duncan's pub on the ground floor will be unaffected by the development.
Promenade Estates has also worked on two Marriott hotels in Liverpool, the Ramada Plaza hotel in Southport and the Travelodge Wallasey New Brighton.