News

Seven individual Travelodge transactions and a 17-strong portfolio sale to end 2016


In October and November seven individual Travelodge hotels were sold:

Location Rooms Seller/Purchaser Comments Yield
London Sidcup 84 S – Hendersons

P – KFIM

Mixed use scheme, ground floor let to Waitrose 5.30%
Chichester 76 S – Hendersons

P – KFIM

Mixed use development. Co-users include Post Office 5.35%
Birmingham Moor Street 88 S- Aberdeen Asset Management

P – Private Investor

Tesco on the ground floor 5.35%
Manchester Upper Brook Street 104 S – Aberdeen Asset Management

P – Private Investor

Arterial road location 5.55%
Maidstone Central 113 S – CBREGi

P – Private investor

City centre location. On-site parking for 21 cars 4.85%
Edinburgh Queen Street 85 S – Standard Life Investments

P – KFIM

City centre location. 4.75%
Stratford on Avon 91 S – Mayfair Capital

P – UK pension fund

Fully let ground floor. 91 parking spaces 5.3%

 

Alongside these, a portfolio of seventeen hotels was sold:

Location Rooms Seller/Purchaser Comments Yield
Basildon, Birmingham, Bournemouth, Chester, Coventry, Derby, Frimley, Leeds, Leicester, Liverpool, Nottingham, York, Perth, Plymouth (x2), Stoke On Trent, Warrington 653 S – M&G Real Estate

 

P – Mansford

Package of 17 regional hotels co-located 7.00%