The Grade II-listed Wood Street Police Station in the City of London has been sold to Magnificent Hotels for an undisclosed fee, thought to be around £40m.
The hotel will be converted into a five-star hotel subject to planning permission, with work expected to start at the beginning of this year.
Ian Dyson, commissioner of the City of London Police, said: “The police station at Wood Street has not been well used by the public and it requires modernisation. We will be relocating our policing teams to our Bishopsgate police station over the course of the next year, ahead of moving into our purpose-built, state-of-the-art headquarters near Fleet Street, later in the decade.”
Magnificent Hotels chairman William Cheng added: “Magnificent Hotels is honoured to have acquired this unique property which provides huge potential to elaborate its heritage by sensitively refurbishing the enhancing the Grade II-listed former police station.
“We look forward to working alongside our experienced professional team to convert the building into a deluxe heritage hotel for the public to enjoy."