Developers Nat and Flora Bosa have purchased the iconic hotel in Victoria Habour. The ivy-clad landmark, named after Queen Victoria, opened in 1908. It captures the elegance of a bygone era and was designed by Francis Rattenburty, the same English architect who designed the B.C. Legislative buildings. The hotel will continue to be managed by Fairmont Hotels and Resorts. (Pictures courtesy of Fairmont)

Workers at Victoria's iconic Fairmont Empress hotel will not be on strike Saturday after their union reached a tentative agreement with their employer Friday.

Unifor Local 4276 announced Wednesday that its members - almost 500 hotel employees working in everything from housekeeping to groundskeeping - had voted to authorize a strike.

Their 72-hour strike notice was scheduled to end a 8 a.m. Saturday, meaning they could walk off the job if a deal was not reached.

Tracey Drake, the hotel's director of public relations, told CTV News Vancouver Island Friday night that the tentative deal had been reached.

The agreement will be presented to the union's membership for ratification next week, Drake said, adding that the hotel is "really pleased with the outcome."

The workers' previous contract expired on March 1.