Adrian Gomes - founder of 10 Dollar Shake - made the surprise announcement via social media last night.
Alongside Martin Farmer and Stephen McNab, he will bring the venue back to life from this weekend.
In a post on Instagram, Mr Gomes said: “Well, we couldn’t just let a great bar like Bar Ninety-Nine close now, could we?
“From 12pm this Friday, those wooden doors will open once again, and the best neighbourhood vibes in the city will come alive again.
“Huge thanks to Stephen McNab for kicking this project off and taking on perhaps the biggest challenge of his career.
“Completing the trio of business partners in this venture is Martin Farmer, a lifelong industry pal and hospitality devotee.”
