A Belfast bar could be turned into a luxury hotel bringing up to 150 new jobs as part of a £50m development of the site.

The Tipsy Bird on Ann Street is part of the location of the proposed project from the hospitality company Glendola Leisure Group and Carlton Hotel Collection.

The planned hotel would also incorporate the courtyard behind the Tipsy Bird, along with the vacant Jamison & Green Building, the former site of a hardware store.

The proposed hotel will feature 145 rooms, a champagne bar with “panoramic views of Belfast”, a rooftop terrace with an event space, a gym and spa, a Jamison & Green pub and a fine dining restaurant.

A proposal of application notice (PAN) has now been submitted to Belfast City Council by Glendola.

Alex Salussolia, managing director of Glendola Leisure Group, said: “Our exciting proposal for the Ann Street hotel represents a £50m investment in Belfast and an opportunity to regenerate this significant area of the city centre.

“Our proposed hotel will create 120-150 employment opportunities and will be the first on the island of Ireland to be part of the Design Hotels group of design-driven, luxury hotels.

“The hotel will offer guests a high-quality hospitality experience, including top-tier restaurants and bars with a 360-degree view of the city and Belfast Lough from the rooftop event spaces.

“The ground-level courtyard will enhance the city centre’s amenities and create new connections between the river and the Cathedral Quarter.

“Over the last few weeks, we have been engaging with our neighbours in the Ann Street area and Belfast City Council.

“With the PAN now submitted, we look forward to further engagement with local stakeholders throughout the pre-application community consultation process.”

Glendola Leisure Group and Carlton Hotel Collection are the two trading divisions of the UK and Benelux-based Foundation Group of Companies.

Glendola is a family-owned hospitality company with 18 venues in the UK, including hotels, pubs, coffee roasteries, restaurants and a brewery.

Its properties include the Waxy O’Connor’s pubs, Alston Bar & Beef, Gordon Street Coffee Roastery, and Shilling Co Brewery.

The Carlton Hotel Collection of 11 four star hotels includes the Carlton Ambassador in The Hague, The Dominican in Brussels, Banks Mansion in Amsterdam, Market Street Hotel in Edinburgh and Carlton George in Glasgow.