It's a hotel with a rich history - and a bright future.
The news gives us the perfect chance to look back at some Echo archive scenes from the hotel.
It welcomed star guests such as Marlene Dietrich and held all sorts of events from proms to fashion shows.
Awards nights, boxing events and evenings of clairvoyancy have also pulled in the crowds.
Have a look.
The news gives us the perfect chance to look back at some Echo archive scenes from the hotel.