Avison Young advises on Travelodge investment acquisition

Avison Young’s Investment team has acquired the freehold interest in Travelodge Chertsey on behalf of JR Capital for £7.2 million, reflecting a net initial yield of 4.75%.

Tom Bridgman, Principal, comments: “This investment offers our client a well-secured long-dated income stream, underpinned by indexed linked reviews throughout the lease cycle.”