Massive 124-room Blackpool Travelodge hotel with annual income of £747k up for sale with £10.95m asking price

A 124-bedroom Travelodge hotel in Blackpool has been put on the market for £10.95m, offering investors a potential annual income of £747,489.

The three-star Travelodge Blackpool South Shore, located on Seasiders Way opposite Blackpool FC’s Bloomfield Road Stadium, is being marketed by estate agents Fleurets, with the property representing a modern, purpose-built hotel constructed in 2008, extending to 59,632 sq ft across five floors.

It occupies a 1.82-acre (0.74 ha) site and benefits from an external car park providing approximately 194 spaces, with potential for additional development. The hotel also underwent a complete internal refurbishment in 2023, bringing it in line with Travelodge’s latest specification.

The refurbishment work included upgrades to the reception, bedrooms, bar and restaurant areas, while all bedrooms also feature flat-screen TVs, blackout curtains and tea and coffee-making facilities. Furthermore, the ground floor comprises an open-plan restaurant, bar and reception area.

The property is let in its entirety to Travelodge Hotels Limited on a 25-year full repairing and insuring lease, which commenced on 24 July 2025. The passing rent is £650,000 per annum, equivalent to £5,242 per bedroom, with five-yearly upwards-only rent reviews linked to CPI, subject to a collar of 1.5% and a cap of 4.5%.

Additional income is generated through a car park agreement with Total Parking Solutions, under which revenue is split equally between Travelodge and the landlord. The arrangement generated net income of £97,489 for the freeholder in 2024, taking the property's total annual income to £747,489.

The hotel occupies a prominent position fronting Bloomfield Road, with Blackpool Pleasure Beach and Blackpool Central Pier within walking distance, with the town centre also easily accessible.

Travelodge is the UK's second-largest budget hotel brand, operating more than 600 hotels and, for the year ending December 2024, the company reported revenue in excess of £1bn for the second consecutive year.

For more information, head to: https://www.fleurets.com/properties/nw-524967/freehold-investment-for-sale/travelodge-blackpool-lancashire