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Travelodge slims down operations in UK

Travelodge slims down operations in UK

9 April 2013 Hotel News

Following the successful completion of its financial restructuring and CVA in October 2012, Travelodge has been working with the landlords of 49 hotels to identify new operators. Further to this process, Travelodge today announces that it has signed a new franchise contract for seven hotels with Moto, the UK’s largest provider of motorway service areas.

Travelodge rolls out apprenticeship programme

Travelodge rolls out apprenticeship programme

9 March 2013 Hotel News

Hotel chain Travelodge has announced 51 new positions on its junior management apprenticeship programme. The first phase of recruitment will begin at the start of National Apprenticeship Week and supports Travelodge’s growth strategy, which will see it open 14 hotels (1,742 rooms) this year at an investment of £141.5m. 

Travelodge launches £223 million investment programme

Travelodge launches £223 million investment programme

29 January 2013 Hotel News

Travelodge has announced a £223 million programme of investment for 2013 designed to help further grow its business. The cash investment will help fuel growth, strengthen the company’s brand offering and ensure consumers obtain the best value in the marketplace.   

Travelodge completes financial restructuring

Travelodge completes financial restructuring

15 October 2012 Hotel News

Budget hotel company Travelodge has successfully completed its financial restructuring. Under the terms of the financing agreement with its three key investors, GoldenTree Asset Management, Avenue Capital Group and Goldman Sachs £75 million of new money has been injected into the company.

Travelodge names Kempston as new marketing director

Travelodge names Kempston as new marketing director

18 September 2012 Hotel News

UK budget brand Travelodge has appointed Catriona Kempston to the position of sales and marketing director, following a six month interim period in the role. Catriona’s remit will be to develop the brand and grow revenue through sales and marketing channels.

Travelodge gets green light for restructure

Travelodge gets green light for restructure

5 September 2012 Hotel News

UK budget hotel chain Travelodge has been given the green light to close 49 properties. The move is part of a financial restructuring which will also see the group invest £55 million into refurbishing 175 hotels.

Travelodge set to close 49 UK hotels

Travelodge set to close 49 UK hotels

20 August 2012 Hotel News

UK budget hotel company Travelodge is planning to close 49 properties as part of a financial restructuring which will also see the group invest £55 million into refurbishing 175 hotels.