Part of Ealing Council's Grade II-listed Town Hall building could be transformed into a boutique hotel as the local authority seeks proposals for new uses.
The council is looking for a development partner to safeguard the future of the building, which is in poor condition internally.
Proposals such as a boutique hotel, restaurant, conference venue or office space have been cited by the council.
Last week the council began marketing the Town Hall, offering to lease part of the building. It will still own the property and be able to use it for civic meetings and community purposes including marriage and civil partnership ceremonies.
The scheme would fund refurbishment work to the function rooms, such as Victoria Hall, along with external work and is expected to save the council millions of pounds.
Ealing Council leader Julian Bell said: "The Town Hall is a stunning building, which we are determined to preserve but internally it is in poor condition and we need to give it a secure future in a way which is not a drain on ever-reducing council resources.
"The Town Hall has enormous potential and we want it to accommodate a range of community and commercial activities which contribute to Ealing's economic and cultural life."
Ealing Town Hall was built in three phases in 1887, 1913 and 1930. Subject to planning permission, work on the Town Hall could start in spring 2017.
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