Portfolio of budget hotels

Unique opportunity to acquire two purpose-built hotels totalling 172 beds with adjoining Beefeater restaurants. Both properties have been extended in the past five years highlighting the tenant’s commitment to the assets and strong trading performance. The assets have a combined passing rent of £977,749 per annum reflecting £5,685 per bed. The hotel rents are subject to 5 yearly CPI linked rent reviews (0% collar & 4% cap), the next reviews are in December 2027.