Completed
Transactions

A specialist advisor in hospitality, living and alternative real estate sectors.

Premier Inn Hotel and Bars, Quayside, Newcastle

location /

Newcastle

Client /

Family Office

Value /

£14m

Off market disposal of a City Centre 152 bedroom hotel let to Premier Inn with ground floor bars with a 10 year WAULT. Sold to new capital to the market above valuation. APR 25

Trafalgar Hall PBSA, Portsmouth

location /

Portsmouth

Client /

Overseas Investor

Value /

£11m

Leased to Unite with annual indexed reviews, 328 PBSA beds next to campus with a nominations agreement from the University. MAR 25

Little Pioneers Nursery, Stratford Upon Avon

location /

Stratford Upon Avon

Client /

Family Office

Value /

£2.5m

New build purpose built nursery acquired for a retained family office. DEC 24

Travelodge Hotel Milton Keynes

location /

Milton Keynes

Client /

UK Institution

Value /

c.£15m

Block RE advised on the off market disposal of a Modern South East leased hotel let to Travelodge with indexed linked reviews. OCT 24

Prime London Freehold Operational Hotel

location /

Central London

Client /

Family Office

Value /

£40-£50m

Block RE provided acquisition, structuring and branding advice on a Zone 1 London Freehold Hotel with full vacant possession on behalf of an Overseas Investor. The hotel opened as London's first Voco by IHG in Q4 2024. SEPT 2024

Grand National Leisure Park, Aintree, Liverpool

location /

Aintree, Liverpool

Client /

Abrdn

Value /

N/A

Proactive asset management to successfully surrender and re-grant a tenant for the hotel on the scheme to improve the WAULT and income on the asset. MARCH 2024

Premier Inn & Starbucks Drive Thru, Bury St Edmunds

location /

Bury St Edmunds

Client /

Columbia Threadneedle

Value /

£8.5m

Disposal of a modern scheme with a 25 year WAULT with two index linked leases. DEC 24

Malmasion York

location /

York

Client /

UK Institution

Value /

£30m +

Disposal of a prime upscale long leased hotel with indexation, let to Malmasion on behalf of a UK Institution. JUNE 2024

Bristol PBSA

location /

Bristol

Client /

Abrdn

Value /

£28m

Acquisition of a leased PBSA asset in a prime location.

Grand Tour Portfolio

location /

Various

Client /

Abrdn

Value /

£35m

Disposal of three geographically spread hotels let to Premier Inn.

Travelodge Yardley

location /

Birmingham

Client /

family office

Value /

£5m

Disposal of an economy hotel let to Travelodge in a suburb of Birmingham.

Travelodge Sunderland

location /

Sunderland

Client /

Columbia Threadneedle

Value /

£4m

Disposal of a leased purpose built hotel and public house.

Premier Inn Basingstoke

location /

Basingstoke

Client /

CBRE Investment Management

Value /

£8m

Disposal of a leased purpose built Premier Inn hotel.

Travelodge Kings Cross

location /

London

Client /

Nuveen Investment Management 


Value /

£75m

Disposal of a Central London long leased economy hotel.

London Hotels Sale & Leasebacks

location /

London

Client /

Whitbread

Value /

£350m

Four prime London sale and leaseback fundings on behalf of a FTSE 100 and the UK’s largest hotelier Whitbread Group PLC.

Premier Inn Ringwood

location /

Ringwood

Client /

LondonMetric

Value /

£8.5m

Disposal of a modern economy hotel with a long lease in place with Premier Inn.

Travelodge Edinburgh Central

location /

Edinburgh

Client /

M&G Real Estate

Value /

£11m

Disposal of a prime City Centre long let economy hotel.

Premier Inn Holborn

location /

Holborn

Client /

Whitbread

Value /

£36m

Acqusition of a prime central London economy hotel.

Travelodge Gatwick Airport

location /

Gatwick

Client /

Overseas Investor

Value /

£40m

Acquisition of a 400 bed airport location long let economy hotel.

hub by Premier Inn

location /

Marylebone, London

Client /

Whitbread

Value /

£70m

Sale and leaseback funding on behalf of a FTSE 100 and the UK’s largest hotelier Whitbread Group PLC.

Hyatt Hotel Funding

location /

Leeds

Client /

Abrdn

Value /

£65m

Forward funding of a prime regional hotel, the first management agreement purchase for the UK’s largest real estate investor.

*

This transaction involved Block Real Estate employees but was completed at other companies.