A third InterContinental hotel in London is to open adjacent to the O2 Arena in 2015.
The 452-room InterContinental London The O2 will operate under a franchise agreement with Meridian Hotel Operations and be managed by Arora Hotels.
The property will include a health spa, restaurants, a club lounge, main bar and a sky bar with 180-degree views over Canary Wharf and the River Thames.
It will also feature a 3,000 metres square open-plan hotel ballroom, claimed to be the largest pillar-free ballroom in Europe.
The new hotel will be located on the Greenwich Peninsula in one of the largest regeneration areas in the UK, six miles from London City Airport and close to North Greenwich Underground station.
The property will join sister properties InterContinental London Westminster, which has been open for less than a year, and InterContinental London Park Lane.
InterContinental London The O2 is the 53rd hotel in the pipeline for the brand and will join a global portfolio of 170 properties.
InterContinental Hotels Group chief development officer for Europe Robert Shepherd said: “This has been a great 12 months for the InterContinental brand in London, with one fabulous new hotel opening and another now signed into our pipeline.
“This location is at the heart of one of London’s most exciting development opportunities. InterContinental London The O2 will both benefit from – and be a catalyst for – growth and prosperity in this area.”
Arora founder and chief executive Surinder Arora said: “I am delighted to be involved in such a high profile scheme in a fantastic location next to The O2 offering a unique marketing and events opportunity.
“Working alongside excellent partners, this development will add high quality accommodation and conference inventory to a vibrant part of London which has recently been exposed to the world stage with the summer 2012 London Olympics.”