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Portfolio of 5 Hiltons goes on sale

By James Russell: Portfolio of 5 Hiltons goes on sale

January 30, 2014

Estate Office Property Consultants is acting as sole agents for the disposal of a portfolio of five Hilton Hotels. Four of the hotels are operated and leased to Hilton Hotels with base rent and overage, and one of the hotels is under a management agreement.  The portfolio contains 870 rooms across 5 hotels with a total income of circa £8,600,000 (2013):

  • Hyde Park, Central London, W2 – 132 keys, operating lease term expiry 30 December 2031
  • Manchester airport – 230 keys, operating lease term expiry 31 December 2021
  • Luton, Bedfordshire – 157 keys, management agreement expiry 30 June 2028
  • Wokingham, Berkshire – 170 keys,  operating lease term expiry 2021
  • Stratford Road, Warwickshire – 181 keys, operating lease term expiry 31 December 2021

For more information click here

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