The new Peterborough City Centre Premier Inn will be located on the site of the old Bridge Street Police Station.
The hotel will feature 120 bedrooms and restaurant space for its guests. The Premier Inn expects to employ 25 team members at the new venue.
Premier Inn currently operates four hotels in Peterborough including Ferry Meadows to the west of the city centre, Hampton to the south and on Lincoln Road to the north of the city centre. The business also operates a 99-bedroom hotel at Junction 16 of the A1(M)
Marie Dukes Brown, new openings manager for Premier Inn, said: “We are looking forward to opening our newest hotel and restaurant in Peterborough City Centre so that even more people will now be able to enjoy all that the town centre has to offer.
“As a business, we’re absolutely committed to investing back into the areas where we operate and are really pleased to have been able to bring so many important new year-round jobs to the town.”
She added: “We are looking forward to establishing ourselves as a valuable and successful member of the community as we build the team and open our doors to guests”.