Sidra Capital buys Heathrow T5 hotel


Source: Flickr / Elliott Brown / Creative Commons

Firm’s £40m Travelodge purchase is first such deal since third runway confirmed.

The Saudi-backed company has completed on a deal to buy the 296-room hotel from Aberdeen Standard Investments at a yield of around 5%.

The hotel is already one of the best performing in Travelodge’s portfolio but it is set to benefit further from an anticipated spike in passenger numbers at Heathrow when the new runway is built.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article.

Sign up now for the following benefits:

  • Four FREE articles of your choice per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £6 per week.

Registered users and subscribers SIGN IN here to continue