Whitbread completes the sale and leaseback of two operational hotels
Central London and Oxford hotels return £56 million to the business, representing a net initial yield of 4.25% across the two properties.
· The UK’s largest hotel business has opened seven new hotels since the start of its current financial year in March 2024 · The 1,000 new room milestone was reached by the opening of Premier Inn London Waterloo · New prime locations in Central London, Cambridge, Torquay and York have opened in
The business signed an agreement-for-lease with JHT Hotels Limited paving the way for the delivery of the new hotel in 2026.
Flagship 212-bedroom hub by Premier Inn hotel is Whitbread's third development project currently underway in the Capital.
Strategic hire supports Whitbread's target of reaching 98,000 Premier Inn rooms by 2030
Plans will create a 200-bedroom Premier Inn hotel a short walk from Scotland's busiest airport.
Central London and Oxford hotels return £56 million to the business, representing a net initial yield of 4.25% across the two properties.
The appeal has been made to the Planning Inspectorate following the refusal of a planning application for a 90-bedroom Premier Inn hotel on land at Trewidden Road, St Ives.
Proposed173-bedroom Premier Inn in Cork City Centre completes Whitbread's bedroom network target for the city.
UK’s largest hotelier acquires Verity House, a modern office building in the South Bank area of the city, for redevelopment into a 120-bedroom Premier Inn.,
Building work begins adjacent to the northern quarter as Whitbread gets started on delivering 229-bedroom Premier Inn.