Brief: LXI Says Exchange Of Contracts On Sale To Travelodge Of 66 Hotels For £210 Mln
08/01/2024 07:13
Jan 8 (Reuters) - LXI REIT PLC LXIL.L :
* EXCHANGE OF CONTRACTS ON SALE OF TRAVELODGE HOTELS
* EXCHANGE OF CONTRACTS ON SALE TO TRAVELODGE OF 66 HOTELS
FOR
£210 MILLION, WHICH IS IN LINE WITH LATEST BOOK VALUE
* SALE AND DEBT REPAYMENT ARE NOT ANTICIPATED TO HAVE A
MATERIAL
IMPACT ON COMPANY'S EARNINGS GIVEN DEBT COST SAVINGS
Source text for Eikon: ID:nRSH8644Ya
Further company coverage: LXIL.L
((Reuters.Briefs@thomsonreuters.com;))
Recent news on LXi REIT
See all newsLXI REIT PLC LondonMetric - Scheme of arrangement becomes effective
LXI REIT PLC LondonMetric - Court sanction of Scheme of Arrangement
Completed £250M sale to Travelodge of 66 hotels
LXI REIT PLC LondonMetric - Results of Court Meeting and LXI General Meeting
Disclosure under Rule 2.10(c) of the Takeover Code