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.

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 has announced the appointment of Brian Wallace to the position of chairman. Wallace has a wealth of experience in the hotel industry and will take up the role with immediate effect.

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.

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.

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.