Secret garden 18 October 2019 After months of secrecy the Newt has opened its gates to a luxurious hotel, extensive gardens, cyder press and restaurant in the core of the Somerset countryside
In this week's issue... Secret garden After months of secrecy the Newt has opened its gates to a luxurious hotel, extensive gardens, cyder press and restaurant in the core of the [...]
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Arora sells freehold of Sofitel London Gatwick

09 October 2019 by
Arora sells freehold of Sofitel London Gatwick

The Arora Group has sold the Sofitel Gatwick North Terminal hotel to asset management company Schroders, which has acquired the 518-bedroom property on behalf of a joint venture between BAE Pension Funds and Immobilien Europa Direkt.

The hotel, which has changed hands for a reported £150m, will continue to be operated by Arora Hotels, with refurbishment plans in place for the property.

Stéphane Obadia, head of investment at Schroder Real Estate Hotels, said: “With some exciting refurbishment works planned for the property, we will be happy to support the hotel in further developing the superior position it has gained in the Gatwick market.”

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