Hampton by Hilton, Stansted Airport sold £48.3m

Date: October 2017

Location: Stansted Airport, London, UK (covered walkway to airport terminal)

Name: Hampton by Hilton London Stansted Airport, three star

No. of keys: 357

Seller: Urban & Civic

Buyer: Legal & General Investment Management Real Assets

Price: £48.3m

Price per key: £135,294

Yield: Projected 6.75%

THPT Comment: Urban & Civic make £8.5m profit (assuming they earn the operational-based bonus of £1.1m over two years) for developing and opening the hotel (summer 2017). Hotel built by McAleer & Rushe. Hampton by Hilton now have 22 hotels in the UK, with further new openings due at Bristol & Humberside Airports.

First seen: www.urbanandcivic.com/media-centre/press/sale-stansted-hotel-reinvest-further-residential-master-development/