The Mayfair Hotel will be demolished and replaced by 201 flats.
Permission has been given to pull down the hotel on St Saviour's Road.
Dandara will build the one and two-bedroom apartments for Andium Homes.
The hotel is closing at the end of October after more than 50 years of welcoming guests.
Owners, the Modern Hotel Group, said the continual challenges facing tourism, coupled with the impact of Covid-19, had made it increasingly difficult to operate.
SGB Hire CI ceases trading
Construction industry supplier SGB Hire Channel Islands has closed with immediate effect.
Two men assaulted on Midvale Road
Two men have been reported after punching and kicking two others, in an attack that started on Midvale Road.
'Slowmance' on the cards for Jemma the sloth away from Jersey Zoo
Jemma is moving from Jersey Zoo to join Santos, a male sloth, in the UK in the hopes they will start breeding.
Free 'home from home' near Southampton Hospital receives £10,000 from Jersey firm
Saltgate has donated £10,000 to support the renovation of Rotary Heartbeat House at the University Hospital.
Young people interested in politics needed to represent Jersey in Sydney
Jersey needs two people aged 18 - 29 to join the Commonwealth Youth Parliament (CYP) in Australia this July.
Free bus passes at 65 being 'looked at'
Older islanders may have to wait longer before they get a free bus pass as the Infrastructure Minister considers the future of the concessionary fares system.
Island prices being monitored as oil prices jump amid Iran war
Jersey's Chief Minister says the government is monitoring the impact on the island's economy of the Iran war.
Jersey RFC secures promotion
Jersey RFC have won promotion to National Two level with a 38 -7 victory over Berkshire.
