The property comprises a brand new 4 storey 91 bed hotel fronting Blossom Street
in York City Centre. The property is let in its entirety to Whitbread Group PLC,
trading as Premier Inn, on a 25-year lease with fixed rental uplifts.
Peter Atkinson of Sanderson Weatherall commented: “This represented a rare opportunity
to acquire a prime asset in York city centre with both a secure income flow with
inbuilt growth and a substantial inherent land value. The transaction demonstrates
my client PRUPIM’s commitment to buying high quality, well located real estate.”