Property News Colliers International to sell Travelodge Hotel, Marylebone

Travelodge Hotel, Marylebone

Colliers International is offering for sale a prime hotel investment strategically situated adjacent to London’s Marylebone Railway station.

The hotel comprises 92 en-suite bedrooms and is let to Travelodge for an unexpired term of 30 years with the rent being reviewing 5 yearly to uncapped RPI. 

Tim Meakes, Investment Director of Colliers International commented: “The Travelodge Hotel in Marylebone occupies an excellent position and offers an investor an ideal opportunity to participate in the London hotel market with the benefit of inflation linked growth.”

Colliers International Director of Hotels, Colin Hall, added: “London is one of the most sought after hotel markets in the world and despite the recent slow down in world economy the hotel achieved an excellent average occupancy rate of over 90% for 2010.”

Colliers International is inviting offers in excess of £13,900,000 subject to contract for this exciting investment opportunity, which would represent an attractive net yield of 5.75%.