Rezidor SAS Hospitality takes over the management of the Gresham Hyde Park London on June 1 and will re-launch it under its mid-market Park Inn brand.
The 188-room Park Inn Hyde Park, in Lancaster Gate, will be the group's second Park Inn property. The first is the Park Inn Heathrow.
Kurt Ritter, president and CEO, Rezidor SAS Hospitality, said: "London is a key destination for Rezidor SAS and it is no secret that we have been looking for the right opportunity to expand Park Inn, our fastest growing brand, into centralLondon. With our aim to have 700 hotels by 2012, the Park Inn brand is key to Rezidor's growth and we hope to have 150 hotels in operation and under construction by the end of 2006, withLondon being a significant success in targeting strategic destinations across Rezidor's area of operation."
The Park Inn Hyde Park,London has a restaurant, bar and a 24-hour fitness centre.