The three-storey former accountants in Bond Street, next door to the Cosmo Bonsor public house, has been vacant for around 18 months.
Wolverhampton-based management and business consultants Greytona Ltd has applied to convert the premises into a short stay guest residence consisting of eight suites.
A number of other buildings in the street have also been converted into residential accommodation in recent years.
The intention is to provide rooms that can be booked online and then accessed via a keycode system. Staff located off-site will provide cleaning and laundry services on a daily basis.
Plans for cycle storage in the property’s basement and bin storage to the rear have also been included in the application.
No external alterations will take place except for the removal of a rear fire escape staircase.
Wolverhampton Council planners are set to make a decision on the plans in the near future.