Transactions - AUGUST 27, 2014

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

Three U.K. hotel portfolios sell for more than $1b

by Andrea Waitrovich

In three separate deals, a total of 168 U.K. hotels were sold for more than £600 million ($1 billion).

The largest portfolio comprised 144 Travelodge hotels that were acquired in an all-cash deal for £508 million ($857.2 million). The hotels are located in London and southeast England. The seller was a joint venture between Prestbury Holdings, West Coast Capital, Aldersgate Investments and Lloyds. The new owners are Goldman Sachs, Avenue Capital Group and GTIS Partners.

The second portfolio contained 13 hotel properties, totaling 1,194 rooms, in key U.K. regional locations — Coventry, Coventry South, Birmingham Holloway Circus, Birmingham Bordesley, Leicester City, Plymo

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy