Business
LONDONMETRIC ACQUIRES £89M OF PREMIER INN HOTELS
LondonMetric Property Plc has acquired nine Premier Inn hotels from Whitbread PLC for £89.0 million, representing a net initial yield of 5.3% with CPI-linked rent reviews on new 30-year leases. This transaction generates an annual rent of £5.0 million and increases Whitbread's contribution to LondonMetric's total rent to £11.3 million, making them the fourth largest occupier at 2.7% of total rent. The acquisition of these 955-bedroom hotels, located primarily in the South East, expands LondonMetric's ownership of modern Premier Inn hotels to 22 properties. Disclaimer*
About this update from Londonmetric Property Plc
[{"type":"text","content":"\n\n13 January 2026\nLONDONMETRIC PROPERTY PLC\nLONDONMETRIC ACQUIRES £89 million OF PREMIER INN HOTELS\nLondonMetric Property Plc (\"LondonMetric\") announces the acquisition of a further nine Premier Inn hotels for £89.0 million, reflecting a NIY of 5.3% which will compound over the long lease term.\nThe sale and leaseback portfolio is let on new 30-year leases and has been acquired from Whitbread PLC. It generates an annual rent of £5.0 million with five-yearly CPI linked rent reviews and very strong levels of rent cover.\nThe mature and purpose-built hotels totalling 955 bedrooms are South East focused and located at Southampton Airport, Kings Langley, Milton Keynes, Poole, Colchester, Fareham, Waltham Abbey, Chipping Norton, and Warwick. \nThrough their Premier Inn brand, Whitbread is now LondonMetric's fourth largest occupier, contributing £11.3 million of annual rent and accounting for 2.7% of LondonMetric's total rent.\n \nAndrew Jones, Chief Executive of LondonMetric, commented:\n\"This transaction adds high quality and mission critical assets that generate a long, strong and growing NNN income in a sector that continues to benefit from evolving consumer preferences for travel, entertainment and experience. It follows on from our recent £44 million hotel portfolio acquisition from Whitbread and increases our ownership to 22 modern Premier Inn hotels.\n \nFor further information, please contact:\nLondonMetric Property Plc\nAndrew Jones / Martin McGann / Gareth Price\nTel: +44 (0) 20 7484 9000\n \nFTI Consulting\nDido Laurimore / Richard Gotla / Andrew Davis\nTel: +44 (0) 20 3727 1000\[email protected] \n \nAbout LondonMetric Property Plc\nLondonMetric is the UK's leading triple net lease REIT with a £7 billion portfolio aligned to structurally supported sectors of logistics, convenience, healthcare, entertainment and leisure. It owns and manages desirable real estate that meets occupiers' demands, delivers reliable, repetitive and growing income-led returns and outperforms over the long term. Further information is available at www.londonmetric.com\n \n\n","length":3634,"tagName":"div"}]