Arora Hotel Heathrow goes on the market for £45m
The 351-bedroom Arora Hotel Heathrow has been put on the market for £45m, six months after its ownership passed to an US hedge fund.
Arora Hotels, which previously owned the property, has continued to operate the property since a refinancing resulted in Davidson Kempner assuming ownership.
The hotel is being marketed by Christie + Co, free of any management or branding. Built in 1999, the hotel features a restaurant, bar and meeting rooms for up to 100 delegates.
David Creamore, director at Christie + Co said the opportunity to acquire a hotel in a prime Heathrow location is "very rare" and is anticipating "exceptional interest" in the property.
"The hotel will attract UK and international investors looking to re-flag the hotel with an international brand or operate it on a boutique status."
Two Arora hotels now owned by US hedge fund >>