Holiday Inn & Ibis Hotel, Manchester Airport, Manchester M90

• Forward commitment comprised a new 280 bed Holiday Inn and 262 bed Ibis Budget adjoining the new Terminal 2 at Manchester Airport which completed in August 2022.

• The ground rent investment opportunity was let on a new 250 year lease, subject to RPI linked rent reviews throughout the term.

• Purchased on behalf of a UK institution.

• Price  - c.£42m