One of Birmingham’s most iconic buildings, the hotel at The Grand, is set to be redeveloped into a luxury, 180-room hotel.

The redevelopments will take place through a partnership between Hortons’ Estate – which owns the Grade II listed property – and the Principal Hotel Company, an owner and operator of 39 hotels across the UK.

The hotel initially closed in 2002 but since 2009, Hortons’ Estate has invested £25 million into the restoration of the building, creating 10 new shops and 11,000 sq ft of offices, as well as significant re-modelling of the interior of the former hotel. The work has been supported by grants from Greater Birmingham and Solihull Local Enterprise Partnership, Birmingham City Council and Historic England.

Tony Green, the chief executive of Hortons’ Estate, said: “After considerable time and effort, we have chosen to work with Principal on the project because they share our commitment to creating the city’s finest hotel and because of their impressive track record working on similar buildings in other major cities.’

The Grand is Principal’s first investment in Birmingham and the hotel is scheduled to open in early 2019.