Travelodge Development Update
Owners Eye £1.2 Billion Travelodge Sale - CoStar
The budget hotel chain has ridden a bruising fallout with landlords during the pandemic to post surging profits.
The budget hotel chain has ridden a bruising fallout with landlords during the pandemic to post surging profits.
This includes plans to open six UK hotels in 2022 (including the groups first new build budget-luxe design hotels) and a franchise flagship hotel in Dublin, together with the start of its 2023 new hotel openings programme, with construction started on four new hotels and contracts exchanged for six further future new UK Travelodge hotels in the last 12 months.
Travelodge has announced it expects to open 17 new hotels across the UK in 2021, creating 360 new jobs and growing its hotel network to 597 locations in the UK, Ireland and Spain.