Travelodge Requirements
FIELD & SONS ARE RETAINED AS ACQUISITION CONSULTANTS BY TRAVELODGE HOTELS LIMITED FOR THE SOUTH CENTRAL LONDON REGION.
OUR CLIENTS HAVE ACQUIRED OVER 210,000 SQ FT OF SOUTHBANK ACCOMMODATION AND HAVE REQUIREMENTS FOR A FURTHER 600,000 SQ FT IN THE FOLLOWING KEY TARGET LOCALITIES FOR WHICH FIELD & SONS ARE SEEKING
OPPORTUNITIES ON THEIR BEHALF:
•LONDON BRIDGE
•WATERLOO WEST
•OVAL
•ELEPHANT & CASTLE
•BOROUGH
•BERMONDSEY
•CANADA WATER
•OLD KENT ROAD
SITES CAN BE NEW DEVELOPMENTS, BUILDING CONVERSIONS OR MIXED USE SCHEMES.
MIN. 15,000 SQ FT. MAX CIRCA 80,000 SQ FT.
TRAVELODGE OCCUPY THEIR HOTELS BY WAY OF INSTITUITIONALLY RECOGNISED WELL SECURED LEASES, THE
KEY POINTS OF WHICH ARE:
- LONG TERM 25 YEARS WITH NO BREAKS
- 5 YEARLY REVIEWS IN LINE WITH INFLATION
- RELATIVELY SHORT RENT-FREE PERIODS (6 MONTHS)
- TENANT'S FULL REPAIRING TERMS
- RENTS COMPETITIVE TO OFFICE VALUES ON NET SQ FT
- STRONG COVENANT STRENGTH AND END YIELDS
PLEASE CONTACT NIGEL GOULDSMITH AT FIELD & SONS (TEL. 020 7234 9639) TO DISCUSS ANY PROPERTIES OR SITES WHICH COULD HAVE POTENTIAL FOR TRAVELODGE.
FURTHER DETAILS AT:
OUR CLIENTS HAVE ACQUIRED OVER 210,000 SQ FT OF SOUTHBANK ACCOMMODATION AND HAVE REQUIREMENTS FOR A FURTHER 600,000 SQ FT IN THE FOLLOWING KEY TARGET LOCALITIES FOR WHICH FIELD & SONS ARE SEEKING
OPPORTUNITIES ON THEIR BEHALF:
•LONDON BRIDGE
•WATERLOO WEST
•OVAL
•ELEPHANT & CASTLE
•BOROUGH
•BERMONDSEY
•CANADA WATER
•OLD KENT ROAD
SITES CAN BE NEW DEVELOPMENTS, BUILDING CONVERSIONS OR MIXED USE SCHEMES.
MIN. 15,000 SQ FT. MAX CIRCA 80,000 SQ FT.
TRAVELODGE OCCUPY THEIR HOTELS BY WAY OF INSTITUITIONALLY RECOGNISED WELL SECURED LEASES, THE
KEY POINTS OF WHICH ARE:
- LONG TERM 25 YEARS WITH NO BREAKS
- 5 YEARLY REVIEWS IN LINE WITH INFLATION
- RELATIVELY SHORT RENT-FREE PERIODS (6 MONTHS)
- TENANT'S FULL REPAIRING TERMS
- RENTS COMPETITIVE TO OFFICE VALUES ON NET SQ FT
- STRONG COVENANT STRENGTH AND END YIELDS
PLEASE CONTACT NIGEL GOULDSMITH AT FIELD & SONS (TEL. 020 7234 9639) TO DISCUSS ANY PROPERTIES OR SITES WHICH COULD HAVE POTENTIAL FOR TRAVELODGE.
FURTHER DETAILS AT: