Finance

Secure Income REIT sticks with Travelodge despite offers for hotel portfolio

By 2020-10-23T07:29:00

Travelodge

Secure Income REIT (SIR) opted not to exercise its break options to terminate its leases with Travelodge, following the hotel group’s recent company voluntary arrangement (CVA).

In a statement to investors Nick Leslau’s investment group said it will maintain the current arrangements following the CVA, whereby the leases of its 123 hotels portfolio remain in place on the same terms and conditions, with a short term reduction in rent.

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