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

Terminal 5 hotel deal signed

12 October 2005

Arora International hotels has singed a £65m deal with the British Airports Authority (BAA) to purchase Heathrow's only hotel at the forthcoming Terminal 5.

The 600-room property will operate as Accor Sofitel and will be directly linked with Terminal 5.

It should be completed in time for the opening of the new multi-million pound terminal in March 2008.

Surinda Arora, chairman of Arora International hotels, said: "Our focus will now be on working with BAA and other partners to deliver this landmark five-star Sofitel in time for the opening of Terminal 5."

Margaret Ewing, chief financial officer of BAA, who has spent more than a year on the deal, said: "This sale brings to a successful conclusion our overall strategy for the project. Our first task was to select the right operator and we are delighted with the Arora/Sofitel combination."

The deal is due to complete when the construction of the hotel begins in March 2006.

By Emily Manson

Get your copy of Caterer and Hotelkeeper every week - click here to subscribe and save 25%.

———————-

Sudoku Join the craze and play Sudoku online!
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.

close

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