• Park Inn prize
The 895 room Park Inn hotel at London’s Heathrow airport has been sold to AXA REIM for GBP72m. The purchase, from administrators to Dania Properties Heathrow, represents an initial yield for the buyers of 5.9%. 

Agent Savills, which sold the hotel, says the strong price achieve reflects the strength of leaseholder Rezidor, and the location of the hotel, which is the closest to the airport’s terminals 1,2 and 3. Rezidor is also carrying out a GBP12m refurbishment of the property.
 
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