Highlights
· Purchase of occupational lease and business for The Hilton, London Stansted
· Part of the Group strategy to focus on larger assets with greater revenue potential and to partner with major international brands, building on strategic advantage in UK airport regions
· Group well positioned as it moves through 2016
The Arora Group(“Arora” or the “Group”) is pleased to announce that as part of itsongoing portfolio review, and strategy to dovetail itsspecialisms across the construction, property and hotel sectors, it has purchased the occupational lease and businessof The Hilton, London Stansted Airport and will now operate the hotel.
Arora has a strong presence in the Gatwick and Heathrow regions, and this entry into the Stansted area as a franchisee will leverage the Company’s expertise in airport areas, and will complement Arora’s existing status as the landlord at The Hilton, London Stansted Airport.
The Hotelhas239bedrooms,food and beverage outlets, conferencing, swimming pool and gym facilities. The hotel is a six minute journey away from the airport terminal and 30 minutes from Central London, with 700 on-site car parking spaces.
This announcement follows Arora Group announcements earlier this year regarding the development of two new hotels, directly connected to London Heathrow Terminal 4 – the Crowne Plaza London - Heathrow Terminal 4 and Holiday Inn Express London - Heathrow Terminal 4and the recent opening of the landmark InterContinental London - The O2.
Surinder Arora, Founder and Chairman of the Arora Group said:
“This is a great opportunity for Arora to work with this major brand in a franchisee capacity, building on our valuedrelationship as landlord for a number of Hilton-operated hotels.
“We benefit from an unrivalled understanding of hotels in the UK’s airport regions as developers, operators and franchisees and we are really looking forward to bringing thisexpertise to this key location.
“Through the franchise agreement,we will be able to leverage the specialisms of the Arora Group’s property and hotel divisions to provide our hallmark excellence in end-to-end service, continuing to serve the customer-base which has enjoyed the hotel facilities over previous years.”
For further information and media enquiries, please contact:
Adam Cubbage 0203 727 1000
Eleanor Purdon
Arora Group
The Arora Group is a successful UK-focused private group of companies, which leverages synergies across its specialist property, construction and hotel divisions to its strategic advantage. Since 1999, the Group has built its standing through meticulously managing projects from inception to delivery and beyond. Today, it owns and manages a diverse portfolio of flagship assets across the nation’s key business locations, partnering with some of the world’s most recognised brands to deliver consistently high service levels and sustainable growth.
For more information please visit www.thearoragroup.com.
