CBRE Hotels Brings Two Major Airport Hotels to Market

​Arora Group Consolidates for Strategic Expansion

London, June 2015 - Arora Group, the privately owned Hotel, Property and Management Company, today announced its intent to consolidate its hotel assets following a strategic review of its estate. 

The results of the review will see the divestment of two of its smaller properties, the 4-star Arora Hotel Gatwick/Crawley and Holiday Inn Heathrow Terminal 5. The sale, managed by CBRE Hotels Limited, will allow the group to focus on Arora’s core portfolio of large hotels in key UK city and airport hubs and position the group for further expansion. 

Surinder Arora, Founder and Chairman of the Arora Group commented:  “This is a unique opportunity for a hotel operator to rebrand the 4-star Arora Hotel Gatwick/Crawley to further capitalise on its vibrant local market and strategic location close to the airport in the heart of the dynamic Gatwick Diamond business region.”

He added: “The substantial investment and renovation at the newly-opened Holiday Inn Heathrow Terminal 5 combined with its proximity to Terminal 5 and franchise with InterContinental Hotels Group (IHG) will make this small yet high quality hotel most attractive to prospective purchasers”. 

CBRE is handling sales enquiries on behalf of the Arora Group which should be initially directed to Rob Seabrook, Executive Director, CBRE Hotels Limited.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue).  The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com​​
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