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.
Theft warning for islanders travelling with their car by boat
Police say thieves at south coast ports are still targeting Guernsey and Jersey cars waiting for the ferry back.
Engraved cobble stones pay tribute to islanders persecuted under the Nazis
20 engraved cobble stones, called 'stolpersteines', are being laid in Jersey today, to commemorate islanders who were persecuted, imprisoned or deported by the Nazis during the occupation.
Fundraiser for Jersey Rescue Dogs to help them through 'busy season'
A fundraiser is taking place in St Helier today to raise money for Jersey Rescue Dogs and Our Shelter Halkida in Greece.
Three disabled islanders seek help decorating their wheelchairs for Battle of Flowers
Three residents at Jersey Cheshire Home are looking for volunteers to help them decorate their wheelchairs.
Snapping a pic of a 'Local Icon' could win you £100
Islanders are invited to take photos of 'Local Icons' as part of the My Island photography competition to win prizes.
'Summer in the Park' big screen to show free Olympics, F1 and film nights
The big screen in Howard Davis Park will now be used to show a variety of sporting events and cinema this summer.
