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Taunton Travelodge sold for £3.9m

3 September 2023

A Travelodge hotel at Riverside Retail Park in Taunton, Somerset, has changed hands for £3.9m. The RO Group has sold the property to the Oddfellow's Unity United Property Investment Fund after retaining ownership for close to a decade, with the purchase reflecting a net initial yield of 6.375%. The 64-bedroom West Country hotel has a larger than typical room size and was recently given an upgraded Energy Performance Regulation rating of EPC B.