Travelodge, Haverhill

An 80 bedroom hotel near Cambridge which was leased to Travelodge in 2016 following a re-branding from Days Inn. The investment was sold in 2017.

Project

Location Haverhill, Suffolk
Project Commercial Investment
Value Created circa £5.5m

Status

TRACK RECORD

Investment sold March 2017 to LXi REIT.
Agents NJB Hotels & Leisure Property and Carter Jonas advised JAYNIC on the sale, with Lewis Ellis acting for the purchaser.

Overview

Following construction in 2006, the hotel was owned and operated as a Days Inn. Following 10 years of successful operations, JAYNIC were approached by Travelodge and agreed a 25 year lease and rebranding of the hotel.

Outcome / Achievements

The investment was sold to LXi REIT for £5.5 million, reflecting an investment yield of 5.9%. Agents NJB Hotels & Leisure Property and Carter Jonas advised JAYNIC on the sale, with Lewis Ellis acting for the purchaser.