November 24th, 2023
- Arora Group acquires its first super prime central London development opportunity
- Purchase of a 2.7 acre Freehold Site for an undisclosed sum
- Once in a generation acquisition opportunity
The Arora Group today proudly announces the purchase of the former Heythrop College in Prime Central London. The site covers an area of circa 2.7 acres in the heart of London with a gross development value of over £750 million and substantial development potential. This acquisition demonstrates the Arora Group’s current appetite for growth despite the current head winds in the market.
Sanjay Arora, Chief Operating Officer for the Arora Group commented: “The acquisition of this extremely rare site in Kensington is in line with our ambition to acquire an asset with significant development potential in Prime Central London. We have waited several years for the right opportunity to purchase an asset of this calibre in London, and we are very excited to own such a prestigious building, which can be held for future generations in our family business. The site has the potential for a number of different schemes, and we look forward to working closely with the Royal Borough of Kensington & Chelsea.”
Today, Arora Group is one of the UK’s largest private owner operator of hotels with over 7,000 hotel bedrooms, including Fairmont Windsor Park, Sofitel London Heathrow, Sofitel London Gatwick (all three under franchise arrangements with Accor), InterContinental London – The O2 and Crowne Plaza/Holiday Inn Express at Heathrow’s Terminal 4 (both under franchise agreements with IHG). The group has assets under management totalling over £2bn.
The group also acquired The Buckinghamshire Golf Club near Denham, Buckinghamshire, which it owns and operates and Luton Hoo Hotel, Golf & Spa in over 1100 Acres which was purchased in December 2021. It has recently expanded into the retail sector with the purchase of County Mall in Crawley in August 2022 and Peacocks Centre in Woking in February 2023.
Notes to Editors
The 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.@Arora_Group
Arora Hotels
Arora Hotels, a division of the Arora Group, is one of the UK’s leading hotel owner-operators with expertise in airport and city centre hotel operations. Current hotels within the portfolio include Sofitel London Heathrow, Sofitel London Gatwick and Novotel London Stansted (under a franchise agreement with Accor), Renaissance London Heathrow (under a franchise agreement with Marriott), InterContinental® London ‒ The O2, Holiday Inn Heathrow Terminal 5, Crowne Plaza London Heathrow Terminal 4, Holiday Inn Express® London Heathrow Terminal 4 (under a franchise agreement with IHG), Hilton London Gatwick and Hilton Garden Inn London Heathrow Terminals 2 & 3 (under a franchise agreement with Hilton Hotel and Resorts), and Arora Gatwick - Crawley. Fairmont Windsor Park Hotel & Luton Hoo Hotel, Golf & Spa is the latest addition to the portfolio.
For more information, please visit www.thearoragroup.com/business/hotels. @ Arora_Group
Media Relations:
E: AroraGroup@fticonsulting.com
Arora Group was advised by Simon Masri at Dentons on this transaction.
