A new Premier Inn is expected to open in Chesterfield town centre in the wintertime.
The town's former Co-op building on Elder Way is currently being converted into the 89-bedroom hotel.
Work on the £10.5million revamp started in January.
This week, a Premier Inn spokesperson told the Derbyshire Times: "The aim is to have the hotel open around wintertime.
"We're pleased to say that work is progressing really well on the project."
Sixty jobs will be created when the hotel launches and the Premier Inn spokesperson said these roles will be advertised 'a couple of months' before the opening.
The project by Jomast Developments Ltd to convert the building is part of the £19.9m Northern Gateway scheme led by Chesterfield Borough Council.
When completed, the historic property - which has stood empty for five years - will include a health and fitness centre in the basement, seven ground-floor restaurants and bars and the hotel on the first and second floors.
The Northern Gateway masterplan will also see a new multi-storey car park built at Saltergate.
Building work on this project is expected to begin in September.
The 530-space car park will help serve the Premier Inn hotel.
A council spokesperson added: "Users of the new car park will benefit from an improved user experience.
"The new car park will have wider bays and a higher proportion of disabled and parent and child spaces than the old car park, which was demolished earlier this year."
In addition, there will be environmental improvements on Elder Way and a planning application will soon be submitted for a new enterprise centre on part of the Donut car park.
It is estimated the Northern Gateway scheme will create around 500 jobs.