A 203-bedroom Park Hyatt is set to be developed in London's Battersea and is expected to open in 2022.
A Hyatt affiliate has entered into management agreement with developer R&F UK to build the property, which will be located within the Nine Elms development on the south bank of the Thames.
The Nine Elms district has in recent years undergone a huge redevelopment and is the site of the new American Embassy. By the time the hotel is set to open, the Northern Line underground extension is also expected to be operational, with an entrance located within a few minutes' walk of the hotel.
The Park Hyatt London River Thames will have "a secure executive wing" and event spaces for business and government travellers, as well as a living room and a large ballroom.
Felicity Black-Roberts, vice-president of development Europe at Hyatt, said: "The addition of the Park Hyatt brand to London is a key milestone for Hyatt. It has always been a priority to bring our luxury Park Hyatt brand back to London, so this is a fantastic opportunity for us. We are excited to continue and expand on Hyatt's relationship with R&F by bringing this new exciting hotel to London."
Michael Purefoy, global brand director of R&F UK, added: "We are delighted that Hyatt has identified R&F UK's Nine Elms development as the best location in London for its Park Hyatt brand. The globally recognised Hyatt name is a valuable addition to the development and we're pleased to share that this agreement further cements the strong relationship that we continue to enjoy with Hyatt properties across the world."
Hyatt's portfolio in the UK also includes the Hyatt Regency London – the Churchill, Hyatt Regency Birmingham, Hyatt Regency Manchester and Hyatt House Manchester, Andaz London Liverpool Street, Hyatt Place London Heathrow Airport, Hyatt Place West London Hayes and the Great Scotland Yard hotel, which is part of the Unbound Collection by Hyatt brand.
Additional Hyatt-branded hotels under development in the UK include the Hyatt Regency Edinburgh Marina, Hyatt Place London City East and Hyatt Centric Cambridge, all expected to open within the next two years.