LaSalle Investment Management has acquired a modern, 291-bedroom hotel located at Tower Hill in the City of London from abrdn for £56 million. The hotel, let to European operator Motel One on a long-term inflation-linked lease, boasts strong sustainability credentials including a BREEAM Excellent rating. This addition aligns with LaSalle’s client portfolio goals of investing in high-quality, centrally located assets with stable income streams. Both Kimmre and JLL advised on the transaction.
Real Estate Investment, Hospitality, Investment Management,United Kingdom, Europe
https://www.lasalle.com/news/lasalle-acquires-motel-one-hotel-on-tower-hill/