Queensgate Investments has sold its 50% stake in the newly built InterContinental London hotel next to the O2 Arena to its 50/50 partner in the venture, Arora Hotels.

The 500-room, five-star hotel, which opened in December 2015 has one of Europe’s largest hotel conference centres, together with 140 private serviced residences and serviced apartments.

The riverfront hotel has a direct link to the O2 Arena, the most visited music venue in the world, and will form part of a 2,814-bedroom portfolio of Arora-owned hotels in the UK, including those at Heathrow and Gatwick airports.

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