Travelodge hotel at Heathrow Terminal 5 sold for £40m

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.

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