In October 2016, Riverside Capital investors purchased three newly built budget hotels let to Travelodge UK Ltd, each for a term of 25 years. The three hotels are located in Weston-super-Mare, Andover and King’s Lynn. Each of the hotel leases benefit from inflationary linked rent reviews on their fifth anniversary. The rent reviews under the Andover and Weston-super-Mare leases are linked to CPI (between 1% and 4%), whilst the rent review under the King’s Lynn lease is upward only and linked to RPI (uncapped).
