On Tuesday, March 4, Environment Minister Mark H Durkan announced he had recommended planning approval for the £12 million conversion.
Councillor Maire Hendron, Group Leader on Belfast City Council, said: “This is fantastic news for Belfast and will provide another local place open available to business travellers and tourists alike.
“An iconic building, the Scottish Mutual property has been left vacant for far too long and is the perfect location for the city’s latest boutique hotel, creating many new jobs in the industry.
“The move is also a positive sign that the local economy is continuing to recover. Not only will the revamp offer a place to stay for visitors, but local people will also see the benefit – with two bars and two restaurants available.
“With a significant revamp scheduled, the project will also boost the construction industry in the coming months.”