The operators of Faneuil Hall Marketplace will propose a multi-million-dollar makeover of the Boston landmark, including a 180-room hotel and redesign of the food court pavilion.

Ashkenazy Acquisition Corp. of New York wants to add retailers, bars and restaurants to the central food court, and open a 180-room hotel in the South Market building, the Boston Globe reported. Ashkenazy also wants to add shops at the ends of the Colonnade, several new glass pavilions, performance space in the center rotunda and new outdoor spaces designated for yoga, table tennis and chessboards.

The project is designed to attract more locals to the trio of Colonial-era brick structures that draw an estimated 20 million visitors a year. The complex contains 200,000 square feet of retail space and 160,000 square feet of offices.

Boston Mayor Martin Walsh called the plans a "good first step," the Globe reported. The plans will be submitted to the Boston Redevelopment Authority and Landmarks Commission for review. Boston-based Elkus Manfredi Architects is overseeing the designs.

The original structures were built in 1742 and expanded in 1826. Many were vacant before a preservation effort transformed the area into a nationally acclaimed shopping and dining destination that opened in 1976. Ashkenazy has operated the center since 2011 under a ground lease from the city of Boston.

Ashkenazy’s announcement comes on the heels of a Boston-based developer’s unveiling of redevelopment plans for The Block on Congress, a five-building portfolio located between Post Office Square and Faneuil Hall.

Related Beal acquired the 343,000-square-foot office and retail complex from Fidelity Investments in December. It plans to modernize the office space while converting the Quaker Lane alley into a pedestrian mall lined with shops and restaurants. Some of the office space would be converted into residential units and a hotel, Related Beal announced Monday, and the neighborhood would be renamed Congress Square.