Plans are being proposed for a new £17m six-storey Hilton Hotel in Stockton.
Planners say the distinctive development, which will be aimed towards business travellers, could create up to 100 jobs and bring £6.7m into the local economy.
A full planning application has been launched this week – and work could begin this summer.
The 125-bedroom hotel, on the former Dairy site on Church Road in central Stockton, will have a 24-hour fitness suite and a contemporary office and meeting space.
Stockton Council leader Councillor Bob Cook said: “We’re delighted to be working with such a famous global name and know there is an incredibly strong business case for this hotel.
“The proposed hotel is a key piece in the jigsaw for the regeneration of Stockton town centre and an economic impact assessment estimates this kind of internationally renowned hotel would be a huge asset, bringing in £6.7m per year into the local economy and creating around 100 jobs for local people.”
The site of the proposed hotel forms part of the Northshore regeneration scheme, which incorporates new offices, homes and leisure facilities within walking distance of the newly regenerated town centre.
The 56-acre, £300m scheme is a partnership between Muse Developments, the Homes and Communities Agency and Stockton Council.
The proposals, which would see the council borrow up to £17m to develop the hotel, have previously faced criticism.
UKIP Ingleby Barwick town councillor Ted Strike previously questioned why the council was “going into the hotel business” at a time of budget cuts.
But Stockton Council chiefs have insisted the Hilton is based on a “rock solid” business case backed by industry experts.
The long awaited £5m redevelopment to convert the derelict Swalow Hotel into a student residence is also expected to begin this year .
Cabinet member for regeneration and transport, Councillor Nigel Cooke, said: “We are very ambitious for the borough and Stockton is very much open for business.
“In Stockton High Street, we’ve got an award-winning public space and exciting projects like the hotel, Globe restoration and Georgian Theatre, combined with our superb events programme, are about creating assets and attractions to take things to the next level.”