Developer Osborne & Co has been granted detailed planning permission by the Glasgow city council for the £100m transformation of the Met tower.
The 11-storey tower will be converted into a 260-bed hotel with grade A office facilities for up to 1,200 people.
Situated on North Hanover Street in the city centre, the project will see the creation of over 25,000 sq ft of leisure, food and drink space.
Will Hean, development director at Osborne & Co, said: “Achieving planning consent comes at a critical time in the real estate market which continues to be challenged because of the coronavirus pandemic.
“Despite this, we are committed to investing significantly in Glasgow as we recognise the strength and diversity of the Glasgow economy. Glasgow’s tech sector in particular will be significant as the economy works its way back to strength.”
Also included in the refurbishment of the tower will be a double-height auditorium space designed to hold a market hall, co-working space, or meeting rooms and conference facilities.
A further building facing Cathedral street is set to be demolished in order to make way for the hotel, which will be connected to the Met via a plaza.
The iconic B-listed building was first opened in 1964 by the then prime minister Howard Wilson.