News from hotel real estate specialists in London | J D Partners

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     HOTEL REAL ESTATE

      SPECIALISTS
          ESTABLISHED 2002

11/02/12

J D Partners was pleased to advise on the development funding of a new 188 bedroom hotel adjacent to the main access point into the Olympic Village. The developer required a forward sale and funding for the construction and J D Partners acted for Hotbed Portfolio Managers who acquired the investment by way of a full development funding for approximately £15.1m. 


The property is let to Travelodge Hotels Limited on an unbroken 25 year lease with uncapped RPI uplifts, and was purchased at a net initial yield in excess of 6%. The investor syndicate provided significant equity funding and debt was provided by Clydesdale Bank.