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News » UK
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BMO REP acquires two newly completed Travelodge hotels

BMO Real Estate Partners (BMO REP) has acquired two newly developed Travelodge hotels. The two pre-let developments funded by BMO REP on behalf of a UK segregated mandate client for £20 million, reflecting a blended net initial yield of 5%.

The vendor, the Hinton Group, undertook the construction of...