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The freehold interest in the Leonardo Hotel at London Heathrow Airport has been brought to market off a guide price of £30m.Situated only a five-minute shuttle ride from Terminals 2 and 3, the four-star hotel is being sold with the option to secure vacant possession in February 2026.
The purpose-built hotel, which was refurbished in 2019/2020, features 230 ensuite bedrooms, 14 “state-of-the-art” meeting and conference rooms, a bar, restaurant with 140 covers, and a fully equipped fitness area, as well as two spa treatment rooms.
The property also features a secure underground car park with 94 spaces, all set on a site spanning approximately 2.4 acres.
The hotel is currently let on a fully repairing and insuring lease to Leonardo Hotels with a parent company guarantee from Fattal Hotels Ltd, subject to five yearly RPI linked upwards only rent reviews. It has just over 15 years remaining on the lease. The passing rent is £1.7m and is expected to increase to over £2m by the next review in March 2025.
According to Knight Frank, an incoming purchaser will have the option to secure vacant possession through exercising a landlord only break clause effective from 1 February 2026, subject to providing six months’ notice prior.
Shaun Roy, partner and head of Hotels at Knight Frank, who is handling the sale, said: “The Leonardo Hotel Heathrow represents an excellent opportunity to acquire a premium property in one of Europe’s busiest travel hubs.
“Additionally, given the landlord only break clause, it presents a highly attractive proposition to owner operators to enhance value through inserting an alternative operator and or brand.”
