Knight Frank has been appointed as the sole selling agent to dispose of the freehold interest in the Leonardo Hotel at London Heathrow Airport.
Situated on the prominent Bath Road, just a five-minute shuttle ride from Terminals 2 and 3, this well-positioned 4-star hotel is being sold with the option to secure vacant possession in February 2026, presenting a rare opportunity for investors.
The purpose-built hotel, which was refurbished in 2019/2020, comprises 230 en suite bedrooms, 14 state-of-the-art meeting and conference rooms, a stylish bar, restaurant with 140 covers, and a fully equipped fitness area, as well as two spa treatment rooms. The property also benefits from a secure underground car park with 94 spaces on a site spanning c. 9,712m2.
The Hotel is currently let on a fully repairing and insuring lease to Leonardo Hotels with a parent company guarantee from Fattal Hotels Ltd, subject to 5 yearly RPI linked upwards only rent reviews and has approximately just over 15 years remaining on the lease. The passing rent is c. €2m and is expected to increase to over c. €2.4m by the next review in March 2025.
At a Guide Price of €35.7m, this investment therefore offers an attractive opportunity for investors.
Shaun Roy, Partner, Head of Hotels at Knight Frank, commented: “The Leonardo Hotel Heathrow represents an excellent opportunity to acquire a premium property in one of Europe’s busiest travel hubs. Additionally, given the landlord only break clause, it presents a highly attractive proposition to owner operators to enhance value through inserting an alternative operator and or brand.”
Image provided by Knight Frank.
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