An office in Liverpool's Castle Street has been sold and is set to be converted into an easyHotel, part of the budget hotel chain founded by easyJet tycoon Stelio Haji-Ioannou.
Merseyside Estates was the vendor of 47 Castle Street, which has 6,600 sq ft of offices over four floors and Salt House Bacaro restaurant on the ground floor.
Following the sale, work is set to begin on a £3m conversion to deliver 68 bedrooms on the upper floors, while the restaurant will remain operational underneath.
The hotel is due to open in spring 2016, subject to planning consent. The easyHotel will be the first branch in the region.
The property was sold by Smith & Sons on behalf of Merseyside Estates.
Sean Seery, partner at Smith & Sons, said: "We have managed 47 Castle Street for many years and identified EasyHotel as being a perfect fit and negotiated a sale.
"Easyhotel will offer low cost and quality city centre accommodation whilst popular restaurant, Salt House Bacaro will remain fully operational at the ground floor level."