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Owners plan to add 12 new bedrooms and 26 aparthotel suites.
They will be constructed on the top of the 1930s extension to the former Royal School for the Blind alongside Hope Street Hotel.
Hope Street Hotel currently has 89 bedrooms offering free wi-fi, iPod docks, an LCD television with satellite channels and a DVD player.
There is a restaurant, bar and lounge plus a fitness centre.
Hope Street Hotel is located in Liverpool city centre within easy reach of the local transport hubs.
