SECURE INCOME REIT BUYS 55 UK TRAVELODGE HOTELS

The owner of the Alton Towers and Thorpe Park theme parks in the UK, Secure Income REIT(SIR), is set to purchase the freehold of 55 Travelodge hotels (3,096 rooms) for £196 million (approximately £63,300 per room). Under the deal, which is subject to a share placing expected to raise £140 million, the 55 budget properties will continue to be let to Travelodge. The acquisition will raise SIR’s real estate portfolio (which includes healthcare and leisure venues and private hospitals) to 81 sites.

Back