REDEFINE ACQUIRES LONDON ENFIELD TRAVELODGE

Real estate investment trust Redefine International has acquired the 132-room Travelodge London Enfield Hotel for £10 million (approximately £76,000 per room), an initial yield of 5.5%. The four-storey, purpose-built hotel is part of the Lumina Park mixed-use development. The 39,000 ft² hotel is operated under a 33-year lease to Travelodge.

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