A £5 MILLION hotel, creating more than two dozen jobs, could be built on the Island, if planners give it the go ahead.
Hotel giants Premier Inn want to build a new 81-bedroom hotel adjacent to the Merrie Gardens pub on Newport Road, Lake.
The national firm is aiming to open its doors by the summer of 2015. It will create up to 25 jobs.
Premier Inn already owns a hotel alongside the River Medina at Seaclose, on Fairlee Road, Newport.
The second hotel comes as a result of the Newport venue enjoying such success.
It is also in line with a national expansion programme to increase bedroom capacity to 75,000 rooms in the UK and Ireland.
The Lake planning application specifies a hotel, associated car park and landscaping, at a site adjacent to Blackpan House, Blackpan Cottage and the Merrie Gardens pub, on Newport Road, Lake.
A spokesperson for Whitbread Hotels & Restaurants said: "We would welcome the opportunity to bring new investment, jobs and facilities to the town. It’s early in the planning process but we hope we can work with everyone with an interest in the proposals to develop the best scheme and bring a new Premier Inn to Lake in the near future."