Radisson Hotel Group has entered a partnership with PPHE Hotel Group to launch the first Radisson RED hotel in central London, UK.

According to Radisson, the new hotel is expected to open its doors in 2029, bringing a "cutting-edge upscale design" to the hotel sector.

The hotel will be situated near the City of London's financial district and within walking distance of Liverpool Street Station.

PPHE has agreed to acquire a mixed-use development site for the project, which includes plans for at least 182 bedrooms, a restaurant, a bar, a gym, and office space. The transaction is anticipated to close in the coming months.

PPHE Hotel Group co-CEO Greg Hegarty said: “This site will be a great addition to our development pipeline as we continue to extend our portfolio and presence in the London market.

"It is an exciting project which leverages our ‘Buy, Build, Operate’ business model and expertise, as well as our multi-brand and multi-market segment strategy. We look forward to bringing Radisson RED to central London, following our recent Radisson RED openings in Berlin and Belgrade.”

The development site currently houses two old office buildings that are set to be demolished to make way for the new hotel.

The design of the Radisson RED hotel will focus on sustainability, aiming for a BREEAM 'Excellent' environmental accreditation. This commitment to eco-friendly practices is expected to enhance the hotel's appeal to environmentally conscious travellers and stakeholders in the hotel sector.

Radisson Hotel Group executive vice-president and global chief development officer Elie Younes said: "Over 65% of our owners have more than one hotel with us, due to the relevance of our brands, our approach, and results. This marks our first Radisson RED in central London and reflects our commitment to growing our lifestyle portfolio in key global cities.

"We value our long-standing partnership with PPHE Hotel Group and are grateful for their continued trust in our brands and people."