Description
Excellent Off-market London Hotel Opportunity
5-star hotel in East London
Number of Keys: 145
In operation: 5 years
Excellent transport connectivity
2 restaurants
Virtual Freehold (Leasehold 999 years)
Flag: yes, 10 years franchise contract (exit to be discussed separately, if required)
Yield: 5% yield can be guaranteed for 10 years by bank guarantee by the current management company
ADR: Currently £160-165 (increasing up to £232 following the recent brand upgrade)
Occupancy rate: 87%
Asking price: £83m