• Travelodge on the block

Blackpool’s Travelodge is for sale, after owner Blackpool football club was placed in receivership. Agent LSH is asking GBP9.68m for the 124 room property, representing a 5.5% yield.

Travelodge has 14 years remaining on the lease, which is index linked and features a performance element. A dispute between directors at the football club has forced the receivership and disposal of assets.

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