LondonMetric Property Announces the Acquisition of Nine Premier Inn Hotels for £89 Million
LondonMetric Property announced the acquisition of nine Premier Inn hotels for £89.0 million on January 13, 2026. The real estate acquisition reflects a net initial yield of 5.3% that will compound over the long lease term.
Real Estate Acquisition Details
The transaction details including the number of bedrooms, specific property locations, and lease terms were not disclosed in the announcement. The acquisition price of £89.0 million reflects a net initial yield of 5.3%.
Portfolio Expansion
This transaction represents LondonMetric Property's continued expansion in the Premier Inn hotel sector. The company characterized the acquisition as adding to its hospitality portfolio with properties that will generate income over long lease terms.
Transaction Structure
The announcement did not disclose details regarding the transaction structure, seller identity, lease terms, rent amounts, or other specific financial arrangements beyond the purchase price and net initial yield.