Travelodge To Acquire 66 Travelodge-Branded Hotels From Its Largest Landlord – LXi REIT – for £210 Million

Travelodge | January 8, 2024

The 66 hotels will be acquired on a freehold and long leasehold basis enabling the Travelodge group to take control of the assets, enhancing value The assets will be acquired through a newly created property holding group, under a new Travelodge group holding company, benefitting from support to drive further growth from its owner, GoldenTree Asset Management (GTAM) The hotels cover a wide geography, including London, the Midlands and the North of England across City Centre and roadside locations The transaction comes after Travelodge reported record-breaking Q3 results in November, with revenue up 16.7% to £782.0 million and u...