Edmond de Rothschild Real Estate Investment Management (REIM) has acquired a hotel in Marlow for £5.6m in a deal reflecting a net initial yield of approximately 7.25%.
Built in 2019 and fully renovated in 2024, the hotel is let to Travelodge with 29 years remaining on the lease.
The purchase is the second completed in as many months by Edmond de Rothschild REIM UK on behalf of its diversified pan-European strategy. In December, the fund acquired a Travelodge in Stafford, England.
Kristelle Wauters, president of Edmond de Rothschild REIM France, said: “This acquisition allows us to consolidate our presence in the United Kingdom and fully illustrates the ability of our local teams, based in London, to identify recently built assets, leased on very long terms to high quality tenants, thus strengthening the long-term viability of our portfolio.”
The acquisition was carried out by the UK team of Edmond de Rothschild REIM, advised by DLA, CS2 and Joiner Cummings.
