Build July (2016)

Build Magazine 74 • Planning permission granted for the Arora Group to develop a new hotel at The Queen’s Terminal at London Heathrow • The new 298 bedroom hotel will be the first in the Central Terminal Area • When combined with the new development at London Heathrow Terminal 4 – the Crowne Plaza London - Heathrow Terminal 4 and Holiday Inn Express London - Heathrow Terminal 4, means the Group has a significant 1048 new bedrooms in the pipeline in the Heathrow area • Group is in detailed talks regarding potential partnership with leading brands • Part of the Group strategy to focus on larger assets with high revenue potential, building on strategic advantage the region • New jobs creation in the local economy The Arora Group (“Arora” or the “Group”) is pleased to announce that it has been granted planning permission to develop a new hotel at London Heathrow. The new hotel is part of the ongoing strategy to focus on larger assets with high revenue potential; it has been granted planning permission to develop a new hotel at London Heathrow with direct access to the Queen’s Terminal, Terminal 2. The Arora Group are experts in end-to-end delivery of developments like this, working from the start of the project until opening and beyond. This hotel is another opportunity for the group to utilise its specialist divisions and skill set across the construction, property and hotel development & management arms, exploiting multiple synergies for the group and developing a best in class facility. It will also build on its deep understanding of the area and its construction division, Grove Development’s, long-term relationships with local businesses at the development stage. This new hotel builds on the experience of the group in the region, having announced the development of a new World Business Centre bespoke office building with 85,000sq ft of CAT A office space earlier this year, matching the requirements of its client to the design of the building. It also adds to the Arora Group announcements in the last 6 months regarding the development of two new hotels, directly connected to London Heathrow Terminal 4 – the Crowne Plaza London - Heathrow Terminal 4 and Holiday Inn Express London - Heathrow Terminal 4, the purchase of the franchise and the occupational lease of Hilton London Stansted, and the opening of the landmark InterContinental London - The O2. With these developments and on top of managing 1,000,000 sqft of office space, the Arora Group has 8 hotels and 2,300,000 sqft of hotel property in the UK. The new hotel, which will have 298 bedrooms, will be directly linked to The Queen’s Terminal, Terminal 2, helping to improve passenger experience by giving them instant access to the airport from their doorstep. It will be the first hotel in the Central Terminal Area which is set to undergo a state of the art transformation as part of a new look Heathrow. Visit www.your.heathrow.com/ takingbritainfurther/heathrow-releases-new- third-runway-images/ to see what the new Central Terminal Area will look like. Surinder Arora, Founder and Chairman of the Arora Group said: “The people at the Arora Group are experts in this kind of development and we proudly bring another hotel to the Heathrow area with a direct connection to the Queen’s Terminal, Terminal 2. It will meet the demand of guests for a new hotel a short walk to Terminal 2 and will have 298 bedrooms, a restaurant and bar. Our team has been working hard across the group to enhance our capabilities in commercial property, construction and asset management areas and with some of our recent deals we will manage circa 1,000,000 sqft of commercial real estate, 3,200 bedrooms, with over 1,000 more in the pipeline and over £1.5 billion of property assets under management.” Stephen Wilkinson, Heathrow Property Director, said: “This hotel is a further step in Heathrow’s strategy to provide the World’s best airport facilities and services for our passengers. The new hotel will be directly linked to Terminal 2, the Queen’s Terminal and we are confident it will deliver an amazing experience for hotel guests travelling from Heathrow. We are proud of our strategic partnership with the Arora Group and this is our second recent terminal-linked hotel development, following the new 750 bed dual hotel at Heathrow’s Terminal 4, which is due for completion in 2017.” Arora Group to Build 298- Room Hotel Connected to T2, ‘the Queen’s Terminal’ at Heathrow Construction