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:
Ministers to consider windfarm plans
The Council of Ministers has agreed to examine a company's application to develop the first offshore windfarm in Manx territorial waters.
Planners pull the plug on Peel poles
Planning permission for 15 telegraph poles in Peel has been turned down by planners.
Car boot sale to raise money for football club
Onchan's football club will be holding its car boot sale next month.
Racist graffiti in Ramsey
Ramsey Commissioners have been dealing with racist graffiti in the town.
Event to ask questions about medicinal cannabis next month
A free event for people to come and learn more about medicinal cannabis will be held next month.
Wednesday's race schedule confirmed
Race organisers say tomorrow's race session will go ahead as planned, with roads closing at 9.30am.
Teachers call off industrial action
A teaching union says it's reached an agreement to avoid industrial action next month.
Marshals appeal for this week's race sessions
There's an appeal for more people to sign up as marshals for the MGP and Classic races, as organisers review numbers needed for possible sessions later this week.
