A revised planning submission for the former Millbrook House hotel wants to create five-star accommodation with waterside cabins and a converted stable wing.
The resubmitted plans by CCA Galleries take the cost of the project to £29 million.
In 2021, a £14 million scheme was proposed to refurbish, upgrade and extend the disused hotel.
READ: £14m scheme to revitalise old hotel
The owner says post-COVID delays and increases in local construction costs meant the previously approved scheme became financially unviable.

CCa Galleries now wants to completely remove the 1970s block to make room for a modern extension and more bedrooms.
The new extension will provide one- and two-bedroom guest units with catering facilities, and a range of five-star individual suites.
Hotel guests will also have the option of five waterside cabins, a converted stable wing, or a suite within the refurbished original Villa or its Gatehouse.

The plans also include a woodland chapel within the grounds, a spa and wellness centre, a gym, and a Glasshouse cafe.

How to have 'safe and enjoyable' Jersey beaches for summer
Appeal after woman grabbed by throat in nightclub
Essential work to begin on Springfield Stadium
Man who dug up cocaine in woods is jailed
Jersey and Guernsey included in UK-Gulf trade deal
Man jailed for series of violent assaults
Woman jailed for trying to smuggle cocaine into Jersey
Flytipping investigation launched after mounds of earth dumped in Trinity