The redevelopment of the 1960s B-listed building on North Hanover Street will also offer 25-23,000sq ft of retail leisure, food and drink space.

The building lies in the city's innovation district close to the University of Strathclyde's technology and innovation centre and the Inovo building which have attracted a host of tech firms.

Osborne & Co plans to demolish an existing ‘podium' building facing Cathedral Street to make way for the hotel, which would connect to the Met Tower via a landscaped plaza.

A flexible double-height auditorium space is to be created below the plaza which could also suit a market hall, co-working space or suite meeting rooms and theatre-style conferencing facilities. This would link to the reception level of the tower and will have its own separate entrance on North Hanover Street.

The project team for the refurbishment of the tower and surrounding developments include architects Cooper Cromar and structural engineering firm Woolgar Hunter.  Brokers Hank Zarihs Associates said development finance lenders regarded the area as a business hot spot and were keen to offer funding for refurbishment and new building schemes.

Glasgow's College of Building and Printing was opened in 1964 by Labour prime minister Howard Wilson and was designed by Wylie Shanks Architects.