Global hospitality company Hyatt Hotels Corporation has unveiled plans for a second Hyatt Regency hotel in London, UK.

As part of this, a Hyatt affiliate has signed a management agreement with an Olympus Property Holding Limited affiliate for the hotel’s development.

The new hotel, Hyatt Regency London Olympia, will feature 196 rooms and four meeting rooms for corporate guests. It is expected to open in 2024.

Hyatt Regency London Olympia will feature a restaurant, a lobby lounge with bar, market area.

After its opening, it will be the eighth property under the Hyatt brand in London.

The other Hyatt Regency hotels in the UK are the Hyatt Regency Birmingham, Hyatt Regency Manchester and Hyatt Regency London – The Churchill.

Hyatt Europe development VP Felicity Black-Roberts said: “We are delighted to join forces with Olympus Property Holding Limited to be part of the exciting redevelopment of the Olympia exhibition centre and bring the Hyatt Regency brand to life in this incredible new quarter of London.

“Expanding Hyatt’s brand footprint with these plans to add a second Hyatt Regency hotel in London contributes to our ambitious growth strategy for the UK and our embodies our focus on thoughtful growth in places that matter most to our guests, World of Hyatt members and customers.

“With its reputation as a place for people to connect, the Hyatt Regency brand will fit perfectly in this new development.”

The hotel will be a part of a new development project to redevelop and transform the Olympia, a convention centre constructed in 1873.

It will be transformed into an ‘integrated convention, entertainment, and cultural district in West London’.

Heatherwick Studies and Sparcc are responsible for the design of the 14-acre site.