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Lothbury IM completes the acquisition of the Travelodge hotel for £56.3m
Lothbury Investment Management has acquired Travelodge hotel in Union Street, Southwark, London for £56.3m (c. €63.7m), as part of a segregated mandate on behalf of a UK pension fund. The Travelodge London Central Southwark comprises 202 bedrooms with three retail/restaurant units totalling 7,250 sq ft at ground level. The building…