The partners aim is to have the business park’s units at Dyce ready for occupation from summer next year.
George Stevenson, founding director of developers Ribnort, said: “Commercial development land, including high-standard office and industrial accommodation, is in desperately short supply in Aberdeen, particularly in the north of the city, which is the main driver of ABZ.
“ABZ is moving forward rapidly and we look forward to commencing infrastructure works at an early date, with the aim of having units ready for occupation from summer 2012.
“The site is in an absolutely ideal position in terms of its location adjacent to the A96 and the future Aberdeen Western Peripheral Route, which recently got backing.”
The hotel development is intended to support growth at the airport, including the £10m runway extension.