The Arora Group is to take over the management of the Hilton London Stansted Airport hotel under a franchise agreement after acquiring the lease of the 239-bedroom property.
The hotel was previously managed directly by Hilton Worldwide.
The company said that the new investment is part of the group's strategy "to focus on larger assets with greater revenue potential and to partner with major international brands".
Located six minutes from the airport terminal, the Hilton London Stansted has an American diner, 16 meeting rooms, swimming pool and gym.
Surinder Arora, founder and chairman of the Arora Group, said: "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.
"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."
The Arora Group's latest acquisition follows the announcement at the end of last year that the company is to develop and manage two properties, under franchise agreements with InterContinental Hotels Group, at London Heathrow Terminal 4 - the Crowne Plaza London - Heathrow Terminal 4 and Holiday Inn Express London - Heathrow Terminal 4.