Previously, the Leeds-based venue said it was not planning to change the name of the event space as the allegations that the entertainer had sexually abused under-age girls were currently unproven.
However, following revelations from Scotland Yard last night (9 October) that 17 allegations of sexual abuse have been made against Sir Jimmy Savile, the venue told C&IT that it had reneged on the decision.
The venue's signage and marketing material will be changed "as soon as feasibly possible", a spokesman said. A new name for the venue is yet to be chosen.
The spokesman added: "In the light of further information Royal Armouries International (RAI), has decided to rename its major flagship venue out of respect for public opinion. Further information will be issued in due course. RAI should not be confused with the Royal Armouries Museum, which is based on the same site in Leeds but is run as a separate concern."