Work is due to start early next year to convert the Grade II listed Great Northern Hotel, which first opened in 1854, into a luxury boutique hotel with 94 bedrooms, a bar and staurant.
Work is set to start in early 2010 and is due for completion in late 2011.
Oxford Hotels will act as development manager on the refurbishment and fit-out job. Oxford is part of a consortium assembled and led by investment house Ram.
Since March 2008, works have been underway on the Great Northern Hotel to create a pedestrian arcade at the ground floor level of the hotel.
The pedestrian arcade will contain shops, a new entrance to the Great Northern Hotel itself and a link to the new concourse to King's Cross station that is currently being constructed by Network Rail. This phase of the works is due to be completed by the end of 2009.
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