By David Parsley2020-10-23T07:29:00
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.
You must be logged in to continue
Register for free to finish this article.
Sign up now for the following benefits:
To access this article REGISTER NOW
Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.