Hong Kong investor pays £42 million for Liverpool Street Station Travelodge, London

10 August 2016

On behalf of YT Realty Group Ltd (Hong Kong), international real estate advisor Savills has purchased the Travelodge Hotel close to Liverpool Street Station in London from Goldman Sachs for £42 million.  The deal reflects a net initial yield of 4.84%.

The 142-bedroom hotel arranged over seven floors is let to Travelodge Hotels Ltd with an unexpired term of 33 years and generates £2,069,144 per annum. The investment includes an underletting to the Post Office for 20 years from 2001 at a peppercorn rent.

Phillip Garmon-Jones of the cross border investment team at Savills in Hong Kong comments: “We are delighted to have assisted YT Realty in its first independent UK acquisition. The investment benefits from long term income as well as a natural inflation hedge with upside potential in the future. The deal highlights London’s continuing appeal to Asian investors.’

Goldman Sachs was advised by CBRE.


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