New name for Arora Hotel Heathrow
The 351-bedroom Arora Hotel Heathrow has been renamed Heathrow Hotel Bath Road following its sale to Singapore-based real estate investment company M&L Hospitality.
Together with the recent acquisition of the 142-bedroom Park Inn by Radisson in Brussels, M&L now has a portfolio of $1.25b (£800m) across Asia Pacific and Europe.
Neil Maxwell, chief executive of M&L Hospitality, said: "Both these recent deals are excellent additions to our portfolio, marking key strategic locations for our business.
"We've seen an increasing demand from business travellers for comfort and practicality at good value prices, which both these hotels deliver. Location is also crucial, and with prime spots at Heathrow and Brussels South Train Station we expect to see strong demand from frequent travellers."
M&L's UK portfolio includes two dual hotel sites in partnership with InterContinental Hotels Group under franchise agreements with Cycas Hospitality: Holiday Inn and Staybridge Suites at Stratford City, East London; and Crowne Plaza and Staybridge Suites, which will open in 2016 within the new £1b University of Manchester campus.
Arora Hotel Heathrow to be rebranded following sale >>
Arora Hotel Heathrow goes on the market for £45m >>
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