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.