Completed in 2017/18
J D Partners advised Hotbed Portfolio Managers on the forward purchase of a new 95 bedroom Premier Inn Hotel in Camberley, Surrey. This was an off market acquisition from Spey Group, a private development company based on the Isle of Man. The purchase, at a price of £6.7 million represented a yield of 6.18% net of acquisition costs. The hotel is let to Premier Inn Hotels Limited on a 25 year lease with five yearly indexed rent reviews.
Our clients Hotbed (The UK's leading private investor syndicate) have since been acquired by Riverside Capital who is now the asset manager for the entire property portfolio of Hotbed Portfolio Mangers. The portfolio currently consists of 17 properties and has a current value of £180 million.