Hopkins Architects have designed a new £500m five-star hotel in Belgravia, central London, which is expected to to open in 2021 if planning permission is granted.

The plans for the Peninsula London – which would be the first UK property for the luxury Asian hotel brand Peninsula – feature a lavish 190-bedroom hotel, with some of the rooms overlooking the gardens of Buckingham Palace. The hotel would also feature an on-site spa, shops, bars, restaurants and a ballroom.

The designs from Hopkins envision the creation of a “new focal point and vibrancy to Hyde Park Corner,” with a grand pedestrian entrance on Grosvenor Place that will be accessed from a colonnade linking to an internal ‘Palazzo-style’ courtyard. The proposal also comprises BDP designs for an improved public realm in Grosvenor Place, Halkin Street and Grosvenor Crescent, with easier road crossings, wider footpaths and new trees planted along Halkin Street and Grosvenor Crescent.

Plans have been submitted to Westminster City Council for the new hotel, which would replace the existing 1960s offices at the site. Property investment firm Grosvenor and Peninsula owner Hongkong and Shanghai Hotels are joint venture partners on the project, with hopes of starting construction by Q2/Q3 2017.

“This is an exciting opportunity to shape a very special corner of London,” said Grosvenor CEO Peter Vernon.

“This high-quality development is sensitive to its surroundings, sustainable and will support around 2,800 jobs in the wider economy. It will enhance the West End’s reputation as one of the world’s foremost places to visit and a driving force for the UK economy.”