Strettons acting on Travelodge's expansion in East and North London
January 18 2024Client:
TravelodgeTravelodge is currently seeking development opportunities that could incorporate a new Travelodge hotel, either on its own or as part of a mixed-use scheme. They will consider new developments and conversions of existing buildings and hotels operated by other brands. If you have details of a site or hotel that is available and could be redeveloped as a Travelodge, please contact Chris Collins.
We are pleased to be working with our longstanding client, Travelodge, as they continue their ambitious growth plans throughout London and the UK.
Having worked with the hotel operator for many years on several successful acquisitions, Strettons' territory is expanding to include North London as well as East London. This search includes development sites and also opens doors for commercial property owners considering selling or leasing their hotels or large buildings for hotel use.
Recent acquisitions in this region of London are particularly notable as they involve key locations ideal for business and leisure tourists reflecting the brand's diverse portfolio and strong offerings to local communities.
"We are excited to widen our search territory, which aligns perfectly with Strettons' core geographic speciality, to offer our full range of hotel agency services across diverse locations," said Chris Collins of Strettons Hotel Agency. "This expansion is not just about growing our client's portfolio; it's about creating local job opportunities and fostering a vibrant community for London's visitors."
Travelodge Target Locations
This expansion is a call to action for commercial property owners or their representatives in North and East London who might have suitable opportunities in the target locations to sell or lease existing development sites, hotels or large buildings to be converted to hotel use.
We are searching for:
- Standalone hotels or part of mixed-use schemes.
- Particular focus on conversion of town centre offices and residential development sites that can be adapted.
- Travelodge will take a new, institutionally-acceptable, 25-year FRI lease with no breaks.
- 5 yearly rent reviews in line with CPI, collared at 0%, capped at 4%.
Target Locations in North and East London:
|
Angel Archway Belsize Park Caledonian Road Camden Canary Wharf Chingford City Fringe Dalston Enfield Central Friern Barnet (Station Road area) Hackney Wick Haggerston Hampstead Highbury Highgate Holloway Tube Hornchurch |
Hoxton Islington Kentish Town Limehouse Maida Vale Muswell Hill/Alexandra Palace Palmers Green Seven Sisters Shadwell Shoreditch Spitalfields Stamford Hill Swiss Cottage Tottenham Hale Tuffnell Park Tube Wanstead Whitechapel Woodford |
If you have an opportunity near the areas above which is outside the list, please send it through, as it might be of interest.
Have any sites in mind that may be of interest to Travelodge? Please contact:
Director, Hotels Agency
07803 850 228
Fees are available for sites introduced by non-retained agents
Strettons are fully retained by Travelodge Hotels Limited
