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The council aims to sell to another company if the compulsory purchase order is granted by the inquiry.

He said the company had already spent in excess of 750,000 on consultants for the project.

"We've got a programme in place, we've got a technical team in place, we've got specialist consultants in place. We're all ready to go with this project."

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A public inquiry is under way to investigate whether the council exceeded its powers by issuing the order after the building lay untouched for decades.

If you feel we have made an error in a report, or have fallen below our usual high standards, please write in the first instance to: Rob Irvine, editor, Manchester Evening News, Mitchell Henry House, Hollinwood Avenue, Chadderton, Oldham OL9 8EP.

Council bosses say the firm has repeatedly failed to start transforming the building into a hotel and they are now trying to force Britannia to sell up.

permanently and was interviewed by the board including chief executive Graham Shaw, acting chair Mary Gibbons and directors Tony Gibbons and Lord Peter Snape last week.

delivering more than 200,000 readers in Greater Manchester.

Asked if the firm wanted to run down the building so more of it could be Roshes Mens Camo redeveloped, he said: "That's not in the equation. It wouldn't stand up from a commercial point of view."

The former London Road fire station is at the heart of a 25 year row between Manchester council and owner Britannia Hotels.

He said: "The CPO is the only block to us carrying out this redevelopment.

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´╗┐Hotel chiefs 'all fired up' to transform iconic London Road fire station building

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Bosses of a leisure chain fighting a council for ownership of a historic building claim there has never been a better time to convert it into a hotel.

But Steven Shaw, Britannia Hotels architectural director, told the hearing at the town hall the firm was ready to press ahead with the redevelopment in spite of the order.

Greater Manchester Business Week is the region's number one provider of business news andfeatures, targeting a bespoke business audience with 12,687 copies every Thursday.

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"There was a problem with crime, but now regeneration has reached the front door of the fire station.

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Mr Shaw said: "The time is now right to redevelop this building. Prior to five years ago, it was a wasteland and a building site.

Grade II listed building by 2015. But it says that, if the council CPO goes ahead, a sale to a new developer would delay the project by around 18 months.

Britannia claims it would have a hotel up and running in the Pink Nike Roshe Runs

"The time is now right and it's different to how it has been to any other time over the last 25 years."

They have issued a compulsory purchase order (CPO) but Britannia has objected, saying it is finally ready to begin work on the 227 bed hotel.

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