Ten Travelodge hotel investment sales between June and September

Location Rooms Seller/Purchaser Comments NIY
Liverpool – John Lennon Airport 100 Purchaser advised by Richard Servidei at JLL; Sellers represented by Prime Retail Off market sale. GC deal with Travelodge taking over former Holiday Inn Express. 5.25%
Lytham St Annes 61 S – RO Real Estate (advised by CBRE)

P – Savills IM (advised by Savills Manchester)

Mixed use scheme with Travelodge, M&S food, Costa and two further tenants. THL makes up 58% of income stream. 5.67%
Chester Le-Street 20 Sold by a family fund to a private investor. The sellers were advised by Heywood & Partners. Former Inn Keepers Lodge, adjacent to a Toby Carvery with parking on site 5.81%
Cumbernauld 57 Sold to a private overseas investor. The sellers were advised by Allsops. Long leasehold investment of standalone Travelodge adjacent to a pub/restaurant and steak house. 6.80%
London Sotuhwark 202 Sold by clients of CBRE to a client of Lothbury Investment Management. The buyers were advised by Tydus Real Eatate. Majority let to THL with 12% of rental income from three GF units. 3.35%
Redruth 63 Acquired by LXi REIT Mixed-use scheme with Travelodge, KFC drive thru and Costa drive thru 6.15%
Ipswich – Beacon Hill 40 S – Curzon Advisors (advised by Knight Frank)

P – LXi REIT (advised by Tydus Real Estate)

Includes a Burger King and Little Chef in a separate unit held on an underlease. Travelodge accounts for 70% of income. 6.12%
Liverpool – Exchange Street 125 S – Aviva (advised by JLL)

P – Columbia Threadneedle (advised by BNP & Knight Frank)

Mixed use scheme comprising a 125-bed hotel and three ground floor units. 5.95%
Newport, Gwent 62 Acquired by Cording Real Estate. Sellers were advised by Allsops. Centrally located FH hotel asset that formed part of a largely industrial portfolio sale.  6.60%
Swindon 70 Acquired by LXi REIT Mixed use scheme comprising a 70 bed Travelodge, drive thru Starbucks and Subway unit. 5.80%