The project includes building a 85 bedroom spa hotel along with 12 apartments.
The deal marks Bouygues fourth hotel contract it has announced in the space of the last six months.
The company has won contracts with citizenM, Gansevoort and the Manhattan Loft Corporation.
The development will be built on a headland that was used to moor the region's exclusive yachts and the cross-channel ferries coming into the marina at Ocean Village.
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It will also be Bouygues first hotel in the region.
The new Southampton Harbour Hotel & Spa and an accompanying 82-home residential block are based in the same area of the city where Bouygues UK also delivered the residential development, Admirals Quay.
HGP Architects are also on board as part of the project.
Bouygues UK Regional Managing Director, Darren Gill, said: "We’re happy to be working with Nicolas James Group to deliver a new hotel, homes and commercial premises, as part of the wider regeneration work that is being carried out in the Ocean Village marina. The hotel will also include a spa and incorporate a restaurant on the top floor, with views across the Solent and the Isle of Wight."
Nicolas Roach, Chairman of Nicolas James Group added: "We are delighted to confirm Bouygues UK as the main contractor for this exciting project. With a solid reputation in managing developments of this scale, we look forward to working together on the build of our new Southampton Harbour Hotel & Spa, including 94 luxury residential apartments."
(LM)
