LondonMetric Property completed the acquisition of 9 Premier Inn hotels from Whitbread for £89m.

LondonMetric Property, a real estate company that is engaged in property investment and development, completed the acquisition of 9 Premier Inn hotels from Whitbread, a British multinational hotel and restaurant company, for £89m. "This transaction adds high quality and mission critical assets that generate a long, strong and growing NNN income in a sector that continues to benefit from evolving consumer preferences for travel, entertainment and experience. It follows on from our recent £44 million hotel portfolio acquisition from Whitbread and increases our ownership to 22 modern Premier Inn hotels," Andrew Jones, LondonMetric CEO.