Patrizia Hanover Property Unit Trust has sold a 152-bedroom hotel operated by Travelodge in Portsmouth city centre.
The building was acquired for £14m by one of the funds at Brydell Partners.
Travelodge has opened its third hotel in Portsmouth in 2021 after signing a 25-year lease at the recently refurbished building on Stanhope Road near Portsmouth & Southsea Station.
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Including:
Purpose-built student accommodation has been acquired from Mapletree Global Student Accommodation Private Trust
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The centre was put on the market in October 2024
