• Travelodges traded

Secure Income REIT has bought two portfolios totalling 76 Travelodge hotels around the UK. A share placing will raise GBP315.5m towards funding the acquisitions.

A 59-strong portfolio cost GBP212m, representing a net initial yield of 6.1%. A further 17 hotels have been acquired as a package alongside 18 pubs, and events venues The Brewery and Manchester Arena.

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