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On 13 January 2026, LondonMetric Property Plc announced the acquisition of a further nine Premier Inn hotels from Whitbread PLC for £89.0 million, reflecting a Net Initial Yield of 5.3%. This sale and leaseback portfolio, totaling 955 bedrooms, is let on new 30-year leases and generates an annual rent of £5.0 million with five-yearly CPI linked rent reviews. Following this transaction, LondonMetric's ownership of Premier Inn hotels increased to 22, with Whitbread contributing £11.3 million of annual rent and accounting for 2.7% of LondonMetric's total rent.
| Date | 13 Jan 2026 |
| Time | 07:00:05 |
| Category | Acquisitions and alliances |
| ID | 5988O |
13 January 2026
LONDONMETRIC PROPERTY PLC
LONDONMETRIC ACQUIRES £89 million OF PREMIER INN HOTELS
LondonMetric 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.
The 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.
The 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.
Through 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.
Andrew Jones, Chief Executive of LondonMetric, commented:
"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.
For further information, please contact:
LondonMetric Property Plc
Andrew Jones / Martin McGann / Gareth Price
Tel: +44 (0) 20 7484 9000
FTI Consulting
Dido Laurimore / Richard Gotla / Andrew Davis
Tel: +44 (0) 20 3727 1000
About LondonMetric Property Plc
LondonMetric 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