Alpha Real Trust Limited announced that it has acquired a hotel and public house in Yardley, Birmingham, United Kingdom for £5.1 million including acquisition costs. The property is leased to Travelodge Hotels Limited, the United Kingdom's larger independent hotel brand with more than 590 hotels. The property is let until November 2060 with a tenant only break option in 2035, providing 12 years term certain to the break clause.

Under the lease the tenant is responsible for building maintenance and the rent has inflation linked adjustments, reflecting an initial yield of 8.3% p.a. ART has acquired the asset for cash. The 64-bedroom hotel and public house is held freehold and is situated to the east of Birmingham City Centre off the A45. The hotel is in a well-connected locationequidistant between Birmingham City Centre to the west and Birmingham Airport to the east.