Portuguese hotel group Pestana Hotels and Resorts is set to make its UK debut this year.
The company will launch its first UK hotel in London in March.
The four-star Pestana Chelsea Bridge Hotel and Spa will offer 216 bedrooms and 1,500sq m of banqueting and meeting space spread over two levels.
Pestana first acquired the property, located near Battersea Park in south west London, for €45m (£40.2m) in 2006.
The hotel, which was initially scheduledto open in 2008, will feature four meeting rooms, accommodating between 18-160 delegates, as well as banquet facilities catering for up to 600 guests.
Leisure facilities will include a spa with treatments room and a fitness centre with heated indoor swimming pool, as well as restaurants and a bar.
Dr Dionisio Pestana, founder and owner of the Pestana Group, said: "Our goal in London is to combine the requirement of world-class business efficiency with a leisure and lifestyle component.
"Combined with an excellent London location we aim to provide a truly unique option for our future guests."
The Pestana group is the biggest hotel group in Portugal with more than 30 four- and five-star owned and managed hotels. It also has properties in Argentina, Brazil, Mozambique, South Africa, Cape Verde and Sao Tome and Principe.
By Kerstin Kühn
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