Hilton has signed an agreement with Gama Holdings to launch London Bridge Hotel, Tapestry Collection by Hilton in London, UK.
The project will be Hilton's ninth brand operating in the city.
Gama Holdings president Simon Elias said: "Having owned London Bridge Hotel for more than 30 years, it is incredibly rewarding to see the property enter this exciting new phase.
"We believe Hilton is the ideal partner to help realise our vision for the hotel's future, and we are delighted to introduce Tapestry Collection to London.
"This partnership combines the character and heritage of the hotel with the strength of one of the world's leading hospitality companies, and I am confident it will be something we can all be proud of for many years to come."
Located next to London Bridge Station, the hotel is scheduled to open in early 2028 following a transformation costing more than £12m ($16.2m).
The property will be close to The Shard, Borough Market, Tower Bridge and the South Bank cultural district.
It will have 153 rooms, including garden vault rooms, catering to business travellers and visitors to the capital.
Plans include a redesigned ground floor with several premium food and beverage outlets, which will be operated by hospitality partner Individual Restaurants.
The London agreement follows recent Tapestry Collection signings in the UK and Ireland, including properties in Plymouth and Cork, both scheduled to open in 2027.
Hilton executive vice-president and chief development officer Christian Charnaux said: "London and the broader UK and Ireland region continue to present tremendous opportunities for growth, and this signing is another great example of how we are driving value for owners and strengthening our network effect around the world.
"Through our partnership with Gama Holdings, we are delighted to introduce Tapestry Collection to the city, further expanding our lifestyle portfolio in one of the world's most important travel destinations.
"This signing builds on the strong momentum we are seeing across our brand portfolio in the region and reflects continued demand from owners for the scale, commercial engines and industry-leading returns that Hilton delivers."
"Hilton to launch Tapestry Collection brand in London" was originally created and published by Hotel Management Network, a GlobalData owned brand.