Epsicap Nano SCPI purchases its first hotel in Scotland for £4.1m

Epsicap REIM has acquired an Inverness hotel for Epsicap Nano, its small-cap focused SCPI, in a deal worth £4.1 million.

This acquisition marks an important step in the SCPI’s diversification strategy and constitutes its first hotel asset.

Located in Inverness city centre, the 54 rooms hotel was completely refurbished in 2017. It is fully let to Travelodge Hotels Ltd, the second largest budget hotel brand in the UK, under a lease with a remaining unexpired term of 20 years at acquisition.

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