The Arora Group, which specialises in hotels at airport locations, has announced the purchase of the lease and business of The Hilton, London Stansted Airport and its intention to operate the hotel.
The value of the deal to buy the property from Hilton has not been disclosed, but the move is seen as part of a strategy to focus the group on larger assets with greater revenue potential and to partner with major international brands, building on strategic advantage in UK airport regions.
Arora has a strong presence at Gatwick and Heathrow, and this entry into the Stansted area as a franchisee, the company hopes, will leverage its expertise in airport areas, and will complement Arora’s existing status as the landlord at The Hilton, London Stansted Airport.
The Hotel has 239 bedrooms and conferencing facilities, as well as 700 on-site car parking spaces.
The latest announcement follows Arora Group’s 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 4 and 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 valued relationship 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 this expertise to this key location.”