The 176-bedroom facility will include 78 parking spaces, bar, restaurant, Sky Bar, gallery, gym and more than 100sq m of event spaces.

Designed by ADF Architects, the 10-storey development will complement the surrounding architecture and provide additional facilities adjacent to the SSE Hydro arena and SECC complex.

The building will have an exterior that will appear to change colour in reaction to natural light. Developers also plan to build two state-of-the-art digital screens on the building which will promote forthcoming events at nearby venues.

The hotel will be run and managed by Radisson but Forrest Hotels, a subsidiary of Glasgow-based Forrest Group, will be the owners.

Work will start in the late Spring of next year with the opening planned for 2017.

Forrest Group CEO Chris Trainer said: “We are absolutely delighted with the outcome of today’s (council) meeting.

“Glasgow attracts well over two million visitors per year and that figure is rising. With the SECC, Clyde Auditorium and the Hydro as next door neighbours in what has become the entertainment village, the Radisson Red will be a welcome addition to Scotland’s largest city.

“Forrest Group has been involved in property and development for many years and this move into hotels is an excellent addition to our portfolio. It will be a major economic contributor to the city and will also mean at least 60 new job opportunities for the people of Glasgow.”

Donald Stewart, managing director of Forrest Developments, added: “We are hugely excited about today’s decision.

“A lot of planning has gone into this project and we are looking forward to the opening of the first purpose built Radisson Red in Europe.”

Councillor George Redmond, executive member for jobs, business and investment, welcomed the decision.

He said: “Any development that brings jobs and investment to the city, and continues the regeneration of the Clydeside, is to be welcomed. The transformation of this area over the past few years has been fantastic to see.”