Scheduled to open at the end of 2015, the 250-room Hilton Dhaka, Bangladesh is the first property in the country for the hotels group.
Hilton’s senior vice president of development, Middle East and Asia Pacific, Andrew Clough said: "We have been expanding aggressively across Asia Pacific and this is a significant milestone for us.
"With a strong partner like Premier Hotels & Resorts, we are confident that Hilton Dhaka, Bangladesh will compete well with the existing international and local hotel supply."
The hotel will have one all-day dining restaurant, two speciality restaurants, a deli and lobby lounge as well as a bar.
There will be a floor dedicated to meetings, along with a ballroom, swimming pool, spa and fitness centre.