LXI REIT ACQUIRES CAMBRIDGE BELFRY

Investment company Lxi REIT has purchased the Cambridge Belfry hotel for £18.5 million (£154,000 per room) from an undisclosed seller. The 120-room, four-star hotel, on the outskirts of the university city of Cambridge 50 miles north of London, is operated by The QHotels Group, which has a portfolio of 26 hotels across the UK. Lxi now owns six properties either in operation or under development across the country. "

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