Alpha Real Trust Limited Acquisition of a Travelodge Hotel, Wadebridge, UK (6894U)
03 Agosto 2022 - 8:00AM
UK Regulatory
TIDMARTL
RNS Number : 6894U
Alpha Real Trust Limited
03 August 2022
LEI: 213800BMY95CP6CYXK69
3 August 2022
ALPHA REAL TRUST LIMITED ("ALPHA REAL TRUST" OR THE
"COMPANY")
ACQUISITION OF A TRAVELODGE HOTEL IN WADEBRIDGE, UNITED
KINGDOM
ART announces it has acquired a hotel in Wadebridge, Cornwall,
United Kingdom for GBP4.25 million including acquisition costs.
The property is leased to Travelodge Hotels Limited, the United
Kingdom's largest independent hotel brand with more than 590
hotels. The hotel has an 20 year unexpired lease term. Under the
lease, the tenant is responsible for building maintenance and the
passing rent of GBP0.25m p.a. has inflation linked adjustments,
reflecting a yield of 6.1% p.a.
ART has acquired the asset for cash.
The 55-bedroom property is held freehold and is situated on the
outskirts of Wadebridge in the county of Cornwall. The hotel is in
a well-connected location in close proximity to the A39.
Investment rationale
This acquisition offers the Company the potential to benefit
from a long term, predictable, inflation-linked income stream
whilst contributing additional diversification to ART's portfolio.
In addition, the investment offers the potential for associated
capital growth.
The Company remains focussed on asset-backed lending, debt
investments and high return property investments in Western Europe
that are capable of delivering strong risk adjusted cash flows.
For further information please contact:
Alpha Real Trust Limited
William Simpson, Chairman, Alpha Real Trust +44 (0) 1481 742 742
Brad Bauman, Joint Fund Manager, Alpha Real Trust +44 (0) 20 7391 4700
Panmure Gordon, Broker to the Company
Atholl Tweedie +44 (0) 20 7886 2500
Further information on the Company can be found on the Company's
website: www.alpharealtrustlimited.com .
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END
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