LGIM acquires London Yotel hotel for £70m

摘要

Acting on behalf of its Managed Property Fund, LGIM Real Assets has acquired Yotel London Clerkenwell for £70m from administrators James Cowper Kreston. The hotel at 96-100 Clerkenwell Road will continue to be occupied by Yotel under a long-term management agreement. Yotel London Clerkenwell is Yotel's first London hotel and comprises 212 cabins, a restaurant, a co-working space with food services, a gym and a snack bar.