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Coffer Hotels
14 April 2009

Purple Turns Blue in Derby

Although a successful business in its own right the former Purple Hotel in Pride Park, Derby was caught up in the Administration of parent, Real Hotel Company. With the clock ticking to the March ‘Quarter Day’, the trigger point for the next rental payment, Coffer Hotels worked alongside our client, LaSalle Investment Management, not only to secure the right replacement tenant quickly but also to protect the investment value for the pension fund freeholder.

Both objectives were achieved with the choice of Travelodge - with dark blue logo - as incoming lessee for this 84 bedroom, purpose built, limited service hotel, following competing interest from both individual and group buyers.

Purple Turns Blue in Derby

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