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:
Ramsey attempted burglary sparks witness plea
Police are appealing for information after an attempted burglary in Ramsey earlier this week.
Dangerous driving death accused committed to higher court
A Douglas man facing trial for causing death by dangerous driving has been committed to a higher court.
Chance to help name baby gibbon!
Could you help name a rare gibbon at the Wildlife Park?
Drug dealer to appeal asset seizure
A drug dealer serving a 20-year sentence will be back in court later this month as he appeals a court decision on seizing the proceeds of his crimes.
Government withholds cinema pay figures
The government won't reveal how much it pays the person who books movies for the Broadway Cinema in Douglas.
Ramsey camper area to open tomorrow
Ramsey commissioners say a campervan area will open tomorrow.
Egaming licence suspended during criminal investigation into company
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School toilet CCTV broke law, says data commissioner
Two Island high schools have been told to turn off CCTV in their toilets.
