Loughborough University’s dedicated hotel, conference and events provider Imago Venues will run the facility.
The site will include a sports hotel that promotes rest, relaxation, and the pursuit of excellence.
Loughborough University’s executive director of sport John Steele said: "The Elite Athlete Centre is an outstanding addition to Loughborough's already excellent sporting heritage and combines with existing facilities to provide a truly world class venue for high performance athletes and teams."
It will be located in the heart of Loughborough University’s sports facilities, to create a "high-performance environment" space for athletes, businesses and fitness enthusiasts.
With 20 specially designed altitude rooms, eight dedicated accessible bedrooms, a nutrition lounge, café and athletes’ relaxation area and seminar space for 30, the inspirational facility is a European first.
The EAC will open in Autumn 2018. Bookings and enquiries can be made from November 2017.
The £1m of the EAC’s build cost has been funded by UK Sport as part of their £200m masterplan to host a decade of the finest sporting events in the international calendar, starting in 2020.