The 28,042sqm, seven-storey hotel will be located at 1-5 Great Scotland Yard in Whitehall, former location of the Scotland Yard Police Station, which is currently undergoing a £50m refurbishment.
The property, which is to open in early 2017, will contain luxury bedrooms, private meeting, entertaining and dining rooms complete with 24/7 concierge service, two bars, restaurants, a library and a lobby/lounge. An adjoining Grade II listed Victorian townhouse will be incorporated into the hotel and used to create an entertainment suite.
Steigenberger Hotel Group will operate the new hotel, which will form part of its portfolio of Signature branded hotels.
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