17 December 2024
LEI: 213800BMY95CP6CYXK69
ALPHA REAL TRUST LIMITED
("ALPHA REAL TRUST" OR THE "COMPANY")
ACQUISITION OF A TRAVELODGE
HOTEL IN LIVERPOOL, UNITED KINGDOM
ART announces it has acquired a
hotel in Speke, Liverpool, United Kingdom for £6.5 million
including acquisition costs.
The property is leased to Travelodge
Hotels Limited, the United Kingdom's largest independent hotel
brand with more than 600 hotels. The hotel has an 17 year unexpired
lease term. Under the lease, the tenant is responsible for building
maintenance and the passing rent of £0.49m p.a. has inflation
linked adjustments, reflecting a yield of 7.6% p.a.
ART has acquired the asset for
cash.
The 100-bedroom property is held
long leasehold and is situated in Liverpool. The hotel was purpose
built and constructed in 2005 in a well-connected location in close
proximity to the John Lennon Airport.
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 focused 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 231 100
Brad Bauman, Joint Fund Manager,
Alpha Real Trust +44 (0) 20
7391 4700
Panmure Liberum, Broker to the Company
Atholl Tweedie
+44 (0) 20 7886
2500
