The 118-room hotel from Hampton by Hilton will be located on the car park of the racecourse grounds.
Robertson Group will serve as lead contractor on the project with local practice ICA Architects as the designer.
The £10 million project will bring up to 20 new jobs to the racecourse, doubling the current number of employees, with a variety of roles in managerial, professional, customer service and administrative positions.
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The Hamilton Park executive team has projected the hotel will generate an additional £5.9 million per year in additional visitor expenditure in the area.
Vivien Currie, Chief Executive at Hamilton Park Racecourse, said: "The project has been driven by both public demand, largely from our local customer base, not only for racedays but for weddings and other events, and from our racing personnel. With an onsite hotel, Hamilton Park Racecourse will further enhance its reputation as a wide-ranging, world-class sporting and hospitality attraction, whilst also providing a fantastic facility for racing staff when they visit Hamilton Park for our 18 race meetings.
"As a Lanarkshire business we are incredibly excited by the core economic and regenerative objectives at the heart of this project and have no doubt that the site will excel as a venue, taking Hamilton Park to the next level."
The hotel was approved by South Lanarkshire Council last year, and is expected to open next summer.
(CM/LM)
