Hotel Portfolio Investment
- A £73.1m acquisition of three hotels, located in Birmingham, Gatwick and Hatfield.
- Tenant in each location - renowned UK hotel operator Jarvis, part of the world's largest franchisor
- Let on long FRI lease with 31 years unexpired at the time of acquisiton
- Both Si Limited Partnership No 4 and Si Limited Partnership No 5 have embedded transaction fees payable to the property subsidiary when the partnership assets are sold. The incentive fees are subject to a minimum return being achieved for investors but, as demonstrated by the sale of the Eagle Star head office building, can amount to significant sums