On behalf of private overseas clients we have completed the acquisition of the Travelodge Leeds Central, Vicar Lane for in excess of £8.5m.
The centrally located 127-bedroom hotel is securely let to one of the leading budget hotel operators, with an unexpired term of approximately 23 years and benefits from five-yearly, upwards only, uncapped RPI linked rent reviews.
Barry Marshall, who advised the client, commented: “Our clients are looking for high quality city centre income throughout the UK and will move decisively to secure the right deal.”
Our clients continue to seek further similar opportunities. Please contact Barry Marshall or Richard Wolfryd to discuss our clients’ requirements or to introduce similar opportunities:
Barry Marshall
+44 (0)20 7266 8500
+44 (0)7968 037 643
Richard Wolfryd
+44 (0)20 7266 8500
+44 (0)7711 822 588