The group will be acquiring a long lease on the “prominent and historic” site, which will open in spring 2021 subject to obtaining planning consent.
The property will feature 16 unique bedrooms, a “stylish” bar and restaurant that includes outdoor seating, set within the historical Rows of Chester with views onto Eastgate Street.
The Grade 2 listed building was developed in 1892 by architect Thomas M Lockwood. It features huge fireplaces, stone windows and original beams, and Wildes said it will be “sensitively refurbished” to retain the period features while introducing an interior design that takes influence from key venues in London and around the world.
Paul Wildes, CEO of the Wildes Hotel Group, said: “We believe that there’s an opportunity in the city to create a go-to destination that offers exceptional accommodation for business and leisure travellers, the ultimate dining spot or somewhere to enjoy evening cocktails whatever the occasion.
“Our focus is to delight our guests’ senses through innovative food and service with a real aim to redefine hospitality within the city.”
He added: “We hope that Chester’s growing population of residents and tourists will enjoy this little corner of luxury that we will bring to the historic city centre.”