• BMO Bury buy

BMO Real Estate Partners has bought its first hotel for its BMO UK Property Fund. It has paid GBP9.5m for a Travelodge in Bury St Edmunds, Suffolk.

The 80 room property is let on a 25 year lease with index-linked uplifts, yielding a return above 5%. The fund is looking for further investments in alternatives, including more hotels.

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