Buyer sought for 4-star Leonardo Hotel London Heathrow Airport
Knight Frank has been instructed in the sale of 4-star Leonardo Hotel at London Heathrow Airport. Located on Bath Road, the 230-room hotel was refurbished in 2020 and comprises 14 meeting & conference rooms, a bar, 14-cover restaurant, a fitness area, two spa treatment rooms and a 94-space car park, all set on the 2.4-acre site.
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 around 15 years remaining on the lease. The passing rent is £1.7 million and is expected to increase to over £2 million by the next review in March 2025.
Leonardo Hotel London Heathrow Airport is being sold with the option to secure vacant possession in February 2026. An incoming purchaser will have the option to secure vacant possession through exercising a landlord only break clause effective from the 1st February 2026, subject to providing 6 months' notice prior, whilst receiving the benefit of rental income in the interim.
The hotel has been advertised with a guide price of £30 million.