A proposal has been submitted to transform two historic buildings in the centre of Paisley into a 40-bedroom boutique hotel, with bar, brasserie and conferencing facilities.
If given the go-ahead by Renfrewshire Council, the new hotel would cost an estimated £3.5m be named Patternmaker.
Local entrepreneur Tom Stewart, who already owns the four-start Ashtree House Hotel in the town, is behind the project and hopes to start work in the summer of next year.
The site for the proposed development is opposite Paisley Abbey and consists of two buildings – Kelvin House, which was built in 1939 and has an Art Deco front elevation, and Forbes Place, which was built around 1830 and was used for patternmaking and as a shawl warehouse by the thread industry.
Speaking to BBC Scotland, Mr Stewart said he hoped the project could help drive the regeneration of Paisley.
He said: "Successful regeneration projects tend to have an anchor development around which other developments and investments are stimulated. We see the regeneration of Kelvin House and the Patternmaker building in the same way.
"Tourism, in particular heritage tourism, support for businesses and public realm investment are just some of the initiatives now under way. A lot of tourism and business traffic currently bypasses Paisley but that is going to change."
He added: "Currently the town has just two hotels, so there will be significant demand for a quality hotel, leisure and business services venue of the type that we will be targeting."