Located at the AECC, the Hilton Aberdeen Exhibition & Conference Centre is set to be the fourth Hilton property in the city, due to open in 2019.
The hotel will include an executive lounge and up to 10 meeting rooms to complement the outstanding facilities of the adjoining conference centre.
The hotel will also include a cocktail bar, speciality restaurant, fitness centre and wet leisure and spa facilities for guests and visitors to the exhibition centre to use.
Patrick Fitzgibbon, senior vice president of development, EMEA, Hilton, said: "The new Hilton in Aberdeen will enhance the city’s reputation as a leading choice for conferencing and events in Scotland.
"Our established reputation in corporate and events hospitality will draw visitors and further events activity to the area. Aberdeen City Council’s strategy of broadening the local economy across a number of sectors - including tourism - and this project further demonstrates that Aberdeen is a robust market with a bright future."
It is estimated the new AECC will secure an additional 31,000 business visitors to Scotland, generating an additional £11m visitor spend per year.
Hilton already has 20 properties currently trading in Scotland, with the latest Aberdeen addition joining three other venues in the city-Hilton Aberdeen Treetops, DoubleTree by Hilton Aberdeen City Centre and Hilton Garden Inn Aberdeen City Centre.
Aberdeen City Council leader councillor Jenny Laing said: "The signing of Hilton Aberdeen Exhibition & Conference Centre is the next step of this major project.
"We look forward to working with Hilton, whose commitment to Aberdeen is a testament to their confidence in the area and the strategic value it places on our economy as the city embarks on an exciting transformational journey.
"The new AECC joins the City Council’s £516 million investment in a capital programme over the next five years. The investment will allow the city to face current challenges and prosper not only within communities but also on a global scale."
Hilton Aberdeen Exhibition & Conference Centre is to be managed by independent hotel management company, Redefine|BDL Hotels. The Glasgow-based firm’s portfolio includes DoubleTree by Hilton Edinburgh City Centre and DoubleTree by Hilton Dundee.
Stewart Campbell, managing director of Redefine|BDL Hotels, said: "We’re pleased to announce plans to add what will be a prestigious Aberdeen property to our existing Scottish portfolio.
"Working with Hilton and Aberdeen City Council, we will ensure Hilton Aberdeen Exhibition & Conference Centre offers exceptional guest service experiences, encouraging visitors to Aberdeen to return. We welcome the opportunity to build on our already strong relationship with Hilton and create new jobs for the local area."
Nick Harris, director at Henry Boot Developments, Aberdeen City Council’s joint venture partner, said: "We’re delighted to have secured Hilton, an internationally renowned and respected hotel brand, as part of the new AECC complex.
"The presence of a Hilton hotel directly connecting to the new venue will make it an even more attractive proposition to both leisure and business visitors, who can travel from outlying areas safe in the knowledge they have high quality accommodation right on the doorstep.
"The expected creation of 350 new jobs is also excellent news for Aberdeen and the north east."