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http://www.propertyweek.com/news/hong-kong-investor-snaps-up-london-travelodge-for-%C2%A342m/5084303.article

27/07/2016

Hong Kong investor snaps up London Travelodge for £42m

YT Realty Group has bought the Travelodge hotel in Liverpool Street from Full Moon HoldCo for £42m.

Travelodge interior 636

The Hong Kong-based investor has acquired the 174-year long leasehold interest on the hotel, and will pay a passing rent of £2,069,144 per annum  which is subject to review in April 2017.

The property, located within the City of London, totals 45,000 sq ft and is let on a 33-year lease to budget hotel operator Travelodge.

It was extensively refurbished in 2014 and comprises 142 rooms arranged over seven floors. Other facilities include a café and a bar on the first floor.

CBRE advised Full Moon HoldCo and Savills acted for YT Realty Group.



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