Travelodge
Travelodge Acquires 6 Hotels in Spain From Louvre Hotels Group
Travelodge | April 18, 2024
18 April, 2024 – Travelodge, the UK’s first budget hotel brand which operates approximately 600 hotels, today announces that it is acquiring six hotels, totalling 773 rooms, in Spain from Louvre Hotels Group. The hotels are currently branded Hotel Campanile, with five acquired on a freehold basis and one to be acquired on a long leasehold. The hotels are acquired by Spanish subsidiaries held within the Travelodge OpCo Group and are located in Alicante, Barcelona, Madrid, Malaga and Murcia. The acquisition builds on Travelodge’s existing strongly performing six hotel Spanish business, doubling its presence in the Spanish market. ...
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...
Salter Brothers’ Recent Travelodge Portfolio Acquisition to Join Accor in 2023
SALTER BROTHERS | April 1, 2022
In one of Australia’s largest hotel management portfolio agreement deals for over a decade, Salter Brothers has announced that its portfolio of hotels, acquired as part of the recent Travelodge acquisition, will be joining the global hotel giant Accor at the start of the 2023 financial year. The management agreement, which includes an industry-leading link to ESG outcomes, will see its hotels (2000+ rooms) rebranded to ibis Styles, Mercure and Novotel hotels when they join the 340+ Accor network of hotels, apartments and resorts across Australia. Paul Salter, Managing Director of Salter Brothers confirmed that the signing was an excitin...
