Leicester-based Beautiful Pubs Collective has taken on its third site – with plans to develop an Everards site into a boutique hotel, bar and restaurant.

The brewery has been granted planning permission to transform the former Molly O’Grady’s pub in Hotel Street into a 13-bedroom boutique hotel called The Knight & Garter.

The new business will be run by Beautiful Pubs, which operates the Rutland & Derby alehouse in Leicester city centre and The Forge Inn in Glenfield.

Founder Sam Hagger told the Leicester Mercury: “In the past eight years we’ve invested £750,000 in our existing businesses here and this will take our total investment in the city to £1m.

“We’ve also created 58 jobs in the city since we started the business in 2008.”

Stephen Gould, managing director of Everards, said: “Our plans to invest in what will become the Knight & Garter reflect the significant developments that have occurred in the city centre over the last few years, giving Everards and the Beautiful Pub Collective the confidence to invest and continue to contribute to the local economy.

“The aim is to develop a hospitality offer that complements the city centre and delivers customers a whole host of facilities for many occasions.”