London Photo - Ridgeway Pryce

Arora takes full control of InterContinental London – The O2

The Arora Group is believed to have bought out its joint venture partner to become sole owner of the InterContinental London – The O2.

According to Property Week Arora has bought Queensgate Investments 50% stake for around £100m.

The deal means that Arora will take full control of the 452-bedroom hotel, which opened in December.

When the hotel opened Surinder Arora, founder and chairman of the Arora Group, said: “With our unique position on the river and extensive facilities for business and leisure, the hotel brings a new world-class luxury hotel offering to this vibrant part of the capital and we’re looking forward to welcoming our first guests.”

Original Article