News

Six Travelodge Transaction Sales to start 2017


There have been six Travelodge transactions since January 2017:

Location Rooms Seller/Purchaser Comments Yield
Maidenhead 96 S- Aviva

P – DTZIM

Mixed use scheme with part retail income component let to Countrywide and Sainsbury’s. 4.90%
Leicester Central 95 S – Private Investor

P –┬áTritax

Mixed use scheme with a Grosvenor Casino and 55 on site parking spaces. 5.68%
Birmingham Maypole 60 S – Grevayne Properties

P – REI plc

Mixed use scheme with ground floor income from Wilko, Halfords, Ladbrokes and Subway. 5.75%
Melksham 60 P – LXi REIT Mixed use scheme comprising a 60-bed Travelodge, drive thru Starbucks and Greggs Bakery 5.91%
Chieveley 126 S – Private Investor

P – Confidential

Off market deal. 5.00%
Haverhill 80 S – Private

P – LXi REIT

Off market deal comprising conversion of former Days Inn hotel 5.90%