By Jonathan Davies

The original Scotland Yard building will be transformed into a luxury hotel under a £110 million deal.

Galliard Homes acquired the lease to the old police station, which was the home of the infamous Jack the Ripper investigation, in 2013 but has now received financially backing from LuLu Group, owned by one of India's richest men.

The building will undergo a £50m refurbishment before the Great Scotland Yard Hotel is opened in 2017.

The five-star luxury hotel will feature two bars, a library and several dining rooms. The luxury of a stay, however, will come at a price. Rooms are set to cost up to £10,000 a night.

“The Great Scotland Yard Hotel will be a brand synonymous with exceptional service and refined luxury and quality,” said Don O’Sullivan, managing director of London-based Galliard.