‘Off Market’ Investment Acquisition – Leisure Premier Inn, Leeds City Centre : £16m
Posted on September 1, 2022.
In this case study we sourced and successfully acquired a prime Premier Inn Hotel on behalf of Mayfair Capital.
NorthCap were able to leverage our strong client relationships to source and acquire this asset ‘off market’.
Built in 2017, the hotel is let to Premier Inn Hotels Limited with a guarantee from Whitbread Plc until 2042 with indexed rent reviews. The asset has an EPC rating of A as well as being a net-zero carbon building.
Hector Ahern, investment associate at Mayfair Capital commented; ‘We were delighted to work with NorthCap on the purchase of Premier Inn, Leeds. Not only did they secure us an off market position on the asset, their sound advice and considered negotiation during the due diligence process was invaluable.’
NorthCap were very professional in their approach and were easy to deal with throughout the process. Ben kept the lines of communication very clear and the transaction happened very smoothly with NorthCap being a major factor towards this.
Craig Burrow, property director at TCS
