The Mayfair Hotel will be demolished and replaced by 201 flats.
Permission has been given to pull down the hotel on St Saviour's Road.
Dandara will build the one and two-bedroom apartments for Andium Homes.
The hotel is closing at the end of October after more than 50 years of welcoming guests.
Owners, the Modern Hotel Group, said the continual challenges facing tourism, coupled with the impact of Covid-19, had made it increasingly difficult to operate.
Disruptive weather conditions cause fallen trees and floods in the Channel Islands
Strong winds and heavy rain is causing major disruption in the Channel Islands.
Luke Hart, whose father killed his family, speaks to Jersey about coercive control
A man whose mother and sister were killed by his father is speaking in Jersey about his traumatic experience and how to intervene when someone is being coercively controlled.
Search for sponsors of Jersey Opera House seats
Did you sponsor a seat at Jersey Opera House when it was last renovated a quarter of a century ago?
