The original building was typical of those designed by Harry Bell Measures for the stations of the Central London Railway that opened on 30 July 1900. It was given a flat roof in the hope that commercial development would take place on top, as at Queensway station, but so far this has not happened. The building was refurbished in the 1990s.
The tube station is named after Holland Park, a park in west London, although the term also refers to the residential area to the north of the park.
The station is closed for lift replacement works and refurbishment since 2 January 2016, and is scheduled to reopen in August of the same year. This station is the last station of the Central Line underground stations retain the original 1950's signages until the refurbishment. It is unknown if they will be retained or not.