Sidra Capital UK have bought the Terminal 5 Travelodge hotel at Heathrow for £40million.
The 296-room hotel is one of the best performing in Travelodge’s range and is also said to be the hotel of choice for contractors working at the Airport.
Saudi-backed Sidra completed the deal to buy the hotel from Aberdeen Standard Investments at a yield of roughly 5%. Travelodge are believed to pay a rent of just over £2m a year for the site.
Sidra Capital has been on an acquisition drive in the UK this year, with this deal taking their spending over £200m in the past nine months.
