LondonMetric acquires nine Premier Inn hotels from Whitbread for £89m

LondonMetric Property, a UK-focused long-income REIT, acquired nine purpose-built Premier Inn hotels across South East England from Whitbread in a sale-and-leaseback transaction. The hotels are mature, modern assets purpose-built for the budget hotel format. The 30-year triple net leases provide long-duration, inflation-linked income with strong rent cover, consistent with LondonMetric's investment strategy. LondonMetric is a London-listed REIT specialising in long-income real estate. Whitbread is the UK's largest hotel operator, with over 850 Premier Inn properties. This transaction follows a previous £44 million Premier Inn hotel portfolio acquisition by LondonMetric in September 2025. LondonMetric funded the acquisition from its existing capital resources and revolving credit facility. No specific debt details were disclosed.