Snoozebox has been granted permanent planning permission to erect its pop-up hotel each TT.
The Isle of Man Government has approved a planning application for a maximum of 240 hotel bedrooms.
This year the company will build a 160 bedroom unit just behind the Grandstand.
The Department of Economic Development has welcomed the decision saying it helps to alleviate the lack of accommodation for the 40,000 TT visitors.
Head of tourism Angela Byrne says the demand for the venture has been proved:
Mystery after oily birds found in Peel
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Laxey move announced for well-known jewellers
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Island boxer to donate fight proceeds to homeless children
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Your plaice or mine? None next year, say scientists!
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Creamery director calls time on a grate career
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New video warns drivers de-restricted doesn’t mean no rules
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Education review praises schools but identifies four areas for improvement
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Infrastructure Minister says major roadworks are coordinated
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