LEI: 213800BMY95CP6CYXK69

3 August 2022

ALPHA REAL TRUST LIMITED ("ALPHA REAL TRUST" OR THE "COMPANY")

ACQUISITION OF A TRAVELODGE HOTEL IN WADEBRIDGE, UNITED KINGDOM

ART announces it has acquired a hotel in Wadebridge, Cornwall, United Kingdom for £4.25 million including acquisition costs.

The property is leased to Travelodge Hotels Limited, the United Kingdom's largest independent hotel brand with more than 590 hotels. The hotel has an 20 year unexpired lease term. Under the lease, the tenant is responsible for building maintenance and the passing rent of £0.25m p.a. has inflation linked adjustments, reflecting a yield of 6.1% p.a.

ART has acquired the asset for cash.

The 55-bedroom property is held freehold and is situated on the outskirts of Wadebridge in the county of Cornwall. The hotel is in a well-connected location in close proximity to the A39.

Investment rationale

This acquisition offers the Company the potential to benefit from a long term, predictable, inflation-linked income stream whilst contributing additional diversification to ART's portfolio. In addition, the investment offers the potential for associated capital growth. 

The Company remains focussed on asset-backed lending, debt investments and high return property investments in Western Europe that are capable of delivering strong risk adjusted cash flows.

For further information please contact:

Alpha Real Trust Limited

William Simpson, Chairman, Alpha Real Trust                             +44 (0) 1481 742 742

Brad Bauman, Joint Fund Manager, Alpha Real Trust                  +44 (0) 20 7391 4700

Panmure Gordon, Broker to the Company

Atholl Tweedie                                                                              +44 (0) 20 7886 2500

Further information on the Company can be found on the Company's website: www.alpharealtrustlimited.com.