Travelodge London Romford The Quadrant | 1-3 Quadrant Arcade
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Travelodge London Romford The Quadrant 1-3 Quadrant Arcade
65 Room Hotel Romford RM1 3ER $7,708,246 ($118,588/Room) 6.80% Cap Rate
Investment Highlights
- Let to Travelodge Hotels Limited on an FRI lease with 18.9 years unexpired
- Secure hotel investment
- 65 bedroom hotel arranged over part ground and three upper floors developed in 2017
Executive Summary
Offers in excess of £6,250,000 for the leasehold interest (998 years remaining). A purchase at this level would reflect a Net Initial Yield of 6.64% assuming standard purchaser costs of 6.80%, and £233/sqft.
Property Facts
| Price | $7,708,246 | Building Class | C |
| Price Per Room | $118,588 | Lot Size | 1.21 AC |
| Sale Type | Investment | Building Size | 26,886 SF |
| Cap Rate | 6.80% | No. Rooms | 65 |
| Tenure | Long Leasehold | No. Stories | 3 |
| Property Type | Hospitality | Year Built | 2017 |
| Property Subtype | Hotel |
| Price | $7,708,246 |
| Price Per Room | $118,588 |
| Sale Type | Investment |
| Cap Rate | 6.80% |
| Tenure | Long Leasehold |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.21 AC |
| Building Size | 26,886 SF |
| No. Rooms | 65 |
| No. Stories | 3 |
| Year Built | 2017 |
Amenities
- Restaurant
- On-Site Bar
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 65 | $74.00 | - |
Learn More About Investing in Hospitality Properties
1 of 20
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Travelodge London Romford The Quadrant | 1-3 Quadrant Arcade
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.