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UBS Asset Management acquires Edinburgh Travelodge Hotel on behalf of its Long Income UK Property Fund
The GBP 9.4 million deal further diversifies the Fund’s tenant mix, supports its distribution yield and enhances the portfolio’s weighted average unexpired lease term (WAULT) The hotel will continue to be operated by Travelodge on a long-term lease running to 2042 Edinburgh’s hotel market is second only to London in terms of occupancy and RevPAR growth Travelodge is the second-largest brand in the UK budget hotel sector, with more than 500 hotels in Britain...
UBS Asset Management launches long income UK property fund seeded with GBP 90 million hotel portfolio download
Open-ended UK long-lease strategy focused on alternative real estate sectors Targeting net income return of 5% p.a. Circa GBP 90 million committed from initial investor...