Other

Travelodge, Central Park, Western Approach, Bristol 

 

Price: £8,500,000 - Initial Yield:5.03%

Date: Q4 2019

Acting on behalf of South Gloucestershire District Council we advised on the acquisition of this hotel development from Barwood Capital for £8.5m, reflecting a net initial yield of 5.03%.

The development will comprise a 5 storey 81 bed hotel, together with a bar, café and 81 parking spaces. Upon completion Travelodge Hotels will enter into a new 25 year FRI lease at an initial rent of £436,104 p.a.

Contact

Tony Burling

Tel: 020 7493 3330
Mob: 07860 555 769
tburling@lewisellis.co.uk


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