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Heathrow

Calder Way, Horton Road, Colnbrook SL3 0AT

Status: Sold

Date: 27 July, 2018

Type: Alternatives

Details: Download PDF

Travelodge Heathrow T5

In July 2018 Joiner Cummings acted on behalf of Aberdeen Standard Investments on the sale of Travelodge in Heathrow Terminal 5.

Investment Summary

  • Purpose built 297 bedroom hotel with substantial on-site parking for 151 vehicles.
  • Let to Travelodge Hotels Limited for a remaining 20 years term certain.
  • Current rent of £2,148,400 pa.
  • 5 yearly upwards only rent reviews linked to the higher of RPI (uncapped) or market rent.
  • Prominently located adjacent to Junction 14 of the M25 London Orbital Motorway and 1.5 miles from Heathrow Terminal 5.
  • Heathrow is the busiest airport in Europe and the anticipated ‘Third Runway’ is expected to significantly increase hotel demand with capacity increasing from 85 million passengers to 130 million.
  • Freehold.