28 August 2024

L&P advises Brydell Partners on acquisition of Travelodge Portfolio

Lewis & Partners recently acquired a mini portfolio of Travelodge Hotels, on behalf of Brydell Partners, located in Dagenham & Liverpool. The properties were sold by Knight Frank on behalf of Knight Frank Investment Management and benefitted from secure long leases to Travelodge, with the benefit of RPI uplifts. Pricing reflected circa £11m & 7% NIY.