The property on Via della Spiga is the former Baglioni Hotel Carlton. Rocco Forte director of design Olga Polizzi is collaborating with interior designers Paolo Moschino and Philip Vergeylen on a refurbishment.
Rocco Forte Hotels said, "Elegant interiors and furnishings will accompany inviting and intimate spaces, combined to create a traditional, luxury Milanese hotel with elements of surprise."
The hotel will have approximately 70 rooms and suites, a restaurant and lounge bar, a rooftop panoramic bar, and a wellness center with a gym and spa.
Last September, Rocco Forte opened its first Milan property, the 11-apartment Rocco Forte House Milan on the city's Via Alessandro Manzoni.