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Travelodge London Excel Hotel 1016 Dockside Rd

131 Room Hotel London E16 2FQ £14,230,000 (£108,626/Room) 6% Net Initial Yield

Investment Highlights

  • Overlooking the Royal Victoria Docks area
  • Positioned within a cluster of established hotels
  • Adjacent to London’s ExCeL Centre, London City Airport, and the University of East London

Executive Summary

A modern, purpose-built 131-bedroom hotel, originally constructed in 2012 and extensively refurbished in 2022 to align with Travelodge’s latest design standards.
Let on a FRI lease to Travelodge Hotels Ltd until 31st December 2046 providing an unexpired term certain of 22.20 years.
Long leasehold interest with 187 years unexpired at a peppercorn rent.

Attachments

Brochure

Property Facts Under Contract

Price £14,230,000
Price Per Room £108,626
Sale Type Investment
Net Initial Yield 6%
Tenure Long Leasehold
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 0.47 AC
Building Size 53,218 SF
No. Rooms 131
Number of Floors 5
Year Built/Renovated 2012/2022
Tenancy Single
Parking Ratio 0.76/1,000 SF
Corridor Interior

Amenities

  • Restaurant

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 131 £60.00 -
  • Listing ID: 33686796

  • Date on Market: 30/10/2024

  • Last Updated:

  • Address: 1016 Dockside Rd, London E16 2FQ

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