Allsop has completed the sale of five Travelodge hotel investments, achieving a combined total of £8.99m.
Travelodge Llanelli
Sold through a combination of auction and private treaty processes, the hotels attracted strong interest from both private and institutional investors, the company said.
Allsop achieved sale prices of £3.66m for the Travelodge in Llanelli, south-west Wales; £1.65m in Macclesfield, Cheshire; £1.49m in Milton Keynes, Buckinghamshire; £1.2m in Barnsley, South Yorkshire; and £990,000 for the Travelodge at Cardiff Airport.
It is now marketing a sixth asset, Travelodge York Tadcaster in North Yorkshire, at a guide price of £4.75m.
Betsy Rowett, national investment surveyor at Allsop, said: “Investor appetite for Travelodge-backed investments remains strong, driven by the combination of long-term, inflation-linked income, attractive yields and the quality of the underlying real estate. The hospitality sector continues to demonstrate its resilience, while Travelodge’s strong operational performance and ongoing investment in its estate provide further confidence to buyers.
“These assets offer a compelling blend of long, index-linked leases, attractive capital values and future asset management potential. Many occupy substantial sites with redevelopment or alternative use potential, offering investors the benefit of long-term income today alongside the opportunity for future value creation.”
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