New Belfast hotel plan for old College Square East building
One of Belfast's oldest buildings is in the process of being sold off and may be turned into a new multi-million pound hotel.
The building at College Square East – known locally as the 'Black Man Tech' – has been earmarked for hotel development for a number of years, but it has now been revealed a deal is imminent.
Owned by Belfast Metropolitan College (BMC), the landmark building and the former College of Business Studies premises on Brunswick Street have been on the market since 2011 when BMC moved to Titanic Quarter.
It is thought that the potential buyers are local developers, although interest has previously been expressed from international groups.
Planning permission is in place for conversion of the former tech at College Square East into a hotel.
It is estimated that the sale of both buildings would be worth around £5m, although the sale of the Brunswick Street premises to a separate buyer has not yet been confirmed.
Belfast Lord Mayor Mairtin O Muilleoir welcomed the news that the sale was imminent and added that he hoped the site would be used to develop the city centre and neighbouring business.