Swedish company to acquire Hilton London Heathrow Airport for £80m

24 July 2017 by
Swedish company to acquire Hilton London Heathrow Airport for £80m

The 398-bedroom Hilton London Heathrow Airport is to be acquired by Swedish hotel developer, owner and operator Pandox for £80m.

The hotel, which is connected to Terminal 4 by a covered walkway, is operated by Adda Hotels, a subsidiary of Hilton Worldwide Holdings, under a revenue-based lease agreement with 26 years remaining.

All bedrooms and conference spaces have been renovated over the past five years. The renovation of the restaurant, bar, lobby and gym is planned for 2018-2019.

Anders Nissen, chief executive of Pandox, said the hotel enjoyed "high occupancy and good average rates and contributes to a further diversification of our portfolio".

Some of the properties are operated under international hotel brands, including Scandic, Leonardo, InterContinental, Hilton, Hyatt, Crowne Plaza, Holiday Inn and Radisson Blu. A number are also managed independently.

Arora completes Premier Inn Terminal 4 London Heathrow >>

Dual hotel at Heathrow Terminal 4 to be managed by Arora Hotels >>

How has Heathrow Terminal 5 taken off? >>

Videos from The Caterer archives

Are you looking for a new role? See all the current hospitality vacancies available with The Caterer Jobs

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.


Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking