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LXi REIT completes £210m portfolio sale to Travelodge

LXi REIT and Travelodge have completed the portfolio deal signed on January 8. As a result, 66 hotels have changed hands for £210m.

Travelodge currently manages 600 hotels spanning the UK, Spain and Ireland, hosting more than 21 million guests a year. Meanwhile, LXI REIT focuses on investing in com...