Travelodge Hotel and Toby Carvery Restaurant Investment

Christie & Co is pleased to bring to the market an excellent opportunity to acquire a hotel and leisure investment offering long-term, inflation-proofed rental income secured by strong covenants.

Key highlights include:

Mixed hotel and leisure investment
Long term rental income expiring 2035
Landlord only option to extend the Travelodge lease by 60 months
Attractive RPI indexation of rents
52-bedroom hotel and 200-cover restaurant
Tenants include Travelodge and Toby Carvery
Attractive alternative future use values
Asking Price: £6,250,000, which represents a NIY of 7.72% (assuming purchaser’s costs of 2.3% reflecting a corporate transaction)

For further information, please contact:

Elizabeth Rice
Analyst
+44 (0) 7546 698 677
Elizabeth.rice@christie.com

Craig Millward
Director
+44 (0) 7791 174 781
Craig.millward@christie.com