Heathrow
Calder Way, Horton Road, Colnbrook SL3 0AT
Status: Sold
Date: 27 July, 2018
Type: Alternatives
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.