Norcross has already obtained planning permission to transform the Grand Hotel, a classical building which has been closed since 2008.
He said he hoped to establish the hotel as community hub for events such as weddings, family celebrations, art exhibitions and fashion shows, as well as a place to enjoy good food and drink.
“I have long admired this iconic building and dreamed of rejuvenating it to reﬂect the original architecture,” he said.
“It has been my desire to bring the quality West End hotel experience to Essex and I see this building and its location as the perfect opportunity to achieve my dream.”
“The business itself will employ people from the surrounding area and I intend to source local suppliers and use the finest locally available produce.”