The Purchase Price For The Transaction Is Expected To Be Funded Through A Combination Of A Further Shareholder Investment From Gtam, The Proceeds Of A Third Party Financing Facility Secured On The Assets Acquired In The Transaction, And Approximately £35 Million Of Cash From Travelodge.

Use the pitchbook platform to explore the full profile. In 2024, the company embarked on a significant refit programme, upgrading around 50% of. Travelodge’s continued investment strategy aims to drive growth, quality, and operational efficiencies.

Information On Valuation, Funding, Acquisitions, Investors, And Executives For Travelodge.

| following the acquisitions across london, the midlands and the north of england, lxi remains travelodge’s biggest landlord. The move is backed by goldentree asset management, the owner of travelodge, and comes. Lxi reit has regeared leases on all of the 122 travelodge hotels which formed part of the secure income reit portfolio.

Recently, Two Travelodge Landlords, Aviva And Im Properties Have Each Sold One Of Their Travelodge Assets For A Good Return, Demonstrating Investor Confidence In The Strength Of The Travelodge Business And The Uk Branded Budget Hotel Sector.

The sale price of £210m is in line with current book value (as at 30 september 2023), the company said.

Travelodge’s Continued Investment Strategy Aims To Drive Growth, Quality, And Operational Efficiencies.

Travelodge continues to invest in its ongoing hotel refit programme which is expected to see 50% of the travelodge room estate upgraded to its new design by the end of 2024. The deal is under offer, with contracts in solicitors’ hands, on the sale of the 66 travelodge hotels. Recently, two travelodge landlords, aviva and im properties have each sold one of their travelodge assets for a good return, demonstrating investor confidence in the strength of the travelodge business and the uk branded budget hotel sector.

The Deal Is Described As Being Under Offer, And In Solicitors' Hands.

| lxi has extended the unexpired lease terms on the properties by a weighted average of nine years. Lxi reit is close to selling a portfolio of travelodge hotels for £210m. Request a free trial log in

Travelodge, The Uk’s First Budget Hotel Brand Which Operates Nearly 600 Hotels, Today Announces Record Financial Results For The Year Ended 31 December 2023, Reporting Revenue Over £1 Billion.

The purchase price for the transaction is expected to be funded through a combination of a further shareholder investment from gtam, the proceeds of a third party financing facility secured on the assets acquired in the transaction, and approximately £35 million of cash from travelodge. Lxi reit has regeared leases on all of the 122 travelodge hotels which formed part of the secure income reit portfolio. The sale price of £210m is in line with current book value (as at 30 september 2023), the company said.

In 2024, The Company Embarked On A Significant Refit Programme, Upgrading Around 50% Of.

Travelodge’s continued investment strategy aims to drive growth, quality, and operational efficiencies. Lxi reit has confirmed that it is close to selling a portfolio of 66 travelodge hotels for a combined sum of £210 million. Use the pitchbook platform to explore the full profile.

Let To Travelodge Under A 25 Year Lease Providing Long Term, Index…

Situated in the scottish city of stirling, this 74 bedroom hotel was built in 2019. The move is backed by goldentree asset management, the owner of travelodge, and comes. | following the acquisitions across london, the midlands and the north of england, lxi remains travelodge’s biggest landlord.