London Wembley High Road TravelodgeThe five Travelodge hotels that have opened so far in 2015 are:

- Egham

80-bed mixed use development in the centre of Egham. Co-located with a Waitrose. Purchased by the BP Pension Fund, reflecting a yield of 4.7%

- Winnersh

93-bed, stand-alone development adjacent to the Winnersh Triangle Business Park. Development funded by The Parks Trust.

Jenny Strathern, Property Director at The Parks Trust, said:

‘We worked closely with Travelodge and have funded and developed the hotel ourselves and we are extremely pleased with the property which is highly prominent to the M329 and adjacent to the Winnersh Business Park. We have developed a track record of funding and delivering quality investments around the UK and continue to seek other secure investments across the country.’

- Southampton

Stand alone 94 bed development 100 mts from the shopping centre. Forward sale for a NIY of 6.25%

- Wembley

86- bed hotel that is part of a £90m mixed use development of the High Street above and adjacent to Wembley Central Station Underground. Developed by St Modwen, other occupiers include Tesco, Argos, Sports Direct and The Gym

- Llandudno

82-bed conversion of the former Clarence Hotel located two minutes from the seafront. Commenting on the funding structure that secured the development Tony O’Brien said:

The Shlomo Memorial Fund and Travelodge have worked together to identify and secure a more innovative funding structure.

“Shlomo has granted a long-term ground lease to Maven Capital Partners to take advantage of the extremely strong investment yields currently available for this kind of product and Maven’s investors have also taken advantage of the tax advantages available through the Business Renovation Properties Allowance scheme.

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Entertainment Memorabilia (James J. Gillick & Co)
  • Categories: Hotels
  • Type: Chrome
  • Size: 3.5 x 5.5 (9 x 14 cm)
  • Postmark: 1969 Aug-31 VENTURA CALIF
  • Publisher: James J. Gillick & Co
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