News

Five Travelodge hotel investment sales since September


Location Rooms Seller/Purchaser Comments NIY
London Tower Bridge 190 S – Aprirose (advised by Knight Frank

P – CCLA (advised by JD Partners)

Office conversion let to THL. Room mix now includes 71 SuperRooms. Lot size – £47.1m 3.61%
Stafford Central 62 Acquired by Palmer Capital Mixed use scheme with Travelodge, Pizza Hut and KFC. Lot size – £5.54m 6%
Chertsey 73 S – Colliers Capital (advised by Colliers)

P – JR Capital (advised by Avison Young)

Town centre purpose built Travelodge with on site parking. Lot size – £7.2, 4.75%
Tewkesbury 71 S – Fund client of LIM (advised by JLL)

P – Cordatus Property (jointly advised by Nick Barber and Lewis Ellis)

Standalone Travelodge adjacent to J9, M5. Originally constructed as a Purple Hotel and converted to THL in 2009. Lot size – £4.6m 5.47%
Swindon – Princes Street 63 Acquired by AEW REIT (advised by Prime Retail) Town Centre location 95% let to THL. Lot size – £6.3m 5.5%