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The Waterloo Hotel was built by Mitchell's and Butler in 1908, but it's been closed since two thousand and ten.
It's had many owners since then - and today it acquired a new one, as it was sold at auction.
The Waterloo Hotel in Smethwick was opened by Mitchell’s and Butler in 1907 and today the Grade II listed building went under the hammer selling for £150,000.
The buyer Zafar Rashid, a solicitor from Perry Barr, already owns a similar property in Sheffield.
He says he is not yet sure what he will do with the place, but he is not worried about the cost of repairs.
"Obviously we factored that in to the price before bidding. I do love these old Victorian buildings for their character. I'm very pleased with the price," he said.
The Waterloo Hotel in Smethwick was named amongst the ten most endangered Victorian and Edwardian buildings by the Victorian society today.
The Edwardian bar and grill, built in 1907, is due to be auctioned at the end of the month.
The Waterloo Hotel in Smethwick is already a Grade II listen building.
The Victorian Society has launched a national appeal to find the buildings they find most worthy of being considered for a listed status.
Latest ITV News reports
A derelict pub in Smethwick named as one of the nation’s ten most endangered buildings will be sold at auction today.
The Waterloo Hotel in Smethwick and Wingfield Station in Derbyshire have been included in the list of the ten most endangered buildings.