Edmond de Rothschild Real Estate Investment Management (REIM) has made its first UK acquisition with the purchase of a Travelodge-leased hotel in Stafford for an undisclosed amount on behalf of one of its retail strategies.
The property sits within the West Midlands town’s well-connected commercial area, close to major routes between Birmingham and Manchester. The operator has 18 years left on its lease, providing long-term income security for the fund.
The deal adds a UK asset to a pan-European portfolio now spanning four countries and five sectors. The strategy maintains full occupancy across its holdings, with a weighted average unexpired lease term of about 14 years as it approaches its 2025 distribution target.
Kristelle Wauters, president of Edmond de Rothschild REIM France, said: “This acquisition allows us to further diversify the portfolio by expanding across the Channel with its first asset located in the UK, identified thanks to our local teams based in London.
“This transaction illustrates our multi-sector strategy, integrating a new asset class, the hotel industry, while relying on a high-quality tenant and a long-term lease that strengthens the rental stability of the portfolio.”
Edmond de Rothschild REIM, the real estate arm of the Edmond de Rothschild group, manages €13.6bn (£11.8bn) of assets across eight European offices.
