The 306 Bedroom 4-Star hotel, restaurant and conference facilities will be situated next to Piccadilly Station and take around 18 months to building, sustaining 150 construction jobs.
Martin Magee, McAleer & Rushe construction director, said: “This site which was vacant for nearly 20 years and was in desperate need of regeneration.
“Work will begin on-site imminently as there already has been a lot of detailed early-stage design input which will ensure best practice and best value construction, which leads to optimum efficiency in operation thereafter.”
Hotel developer, the Dominvs Group, has picked Dexter Moren & Associates as its interior designer and style consultant for the Aytoun Street hotel.