Roomzzz Aparthotel, part of the Parklane Group, is planning to deliver 114-apartments within Aviva Investors' Corn Exchange in Manchester city centre by early 2016.
The hotel is part of the £30m leisure redevelopment of the former Triangle shopping centre by Aviva Investors and Queensberry Real Estate. The grade two-listed building was closed in October to allow for construction works.
The hotel will have its entrance fronting Exchange Square, with guest accommodation over the second, third, fourth, and fifth floors.
The Corn Exchange Aparthotel will consist of 114 apartments with a combination of rooms ranging from 220 sq ft pods to luxury palatial penthouses.
The Corn Exchange will be Roomzzz' second Manchester site alongside an aparthotel in Princess Street.
The former occupiers of the five restaurant units facing out on Exchange Square are due to reopen later this year; Tampopo, Pizza Express, Zizzi, Salvi's Deli and Eclectic Grill. They will be joined by Vapiano, Cabana Brazilian Barbecue, The Cosy Club, Pho, Bar and Kitchen Banyan, Byron Burger, and Wahaca.
Mark Walton, head of Roomzzz Aparthotel UK said: "This is a large investment by our landlords, with a commitment to create a spectacular property that will not only illustrate the progression and development of this asset but will be seen as the revival and legacy of this historic part of Manchester.
"The demand in the city for Roomzzz Aparthotel is substantial – we are running at 100% occupancy week on week, a second location in close proximity is a strategic game-changer for the brand."
Roomzzz will be taking bookings from February 2016 and is due to open in early 2016.
Jenics acted for Aviva Investors and Queensberry Real Estate. Christie & Co acted for Roomzzz.