By Richard Williams2018-07-26T05:23:00
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.
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.